ASAP

Interest Factor (1+0.06)(1+0.06)(1+0.06)=1.1910 Or you can use exponents, and calculate it directly: Interest Factor =(1+0.06)3=1.1910 The third altemative for solving the equations is to use a spreadsheet, and the fourth is to let a financial calculator perform the calculation. This requires that you know how your calculator functions and how to enter the following variables: P/Y indicates the number of compounding periods per year, N is the number of years, I is the interest rate, PV is present value, and FV is future value. Difference in Future Values Difference =FVXFVA =$