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Calculate a time value of money problem Compute the future value of annual payments of $100, paid for 5 years, with an interest rate of
Calculate a time value of money problem Compute the future value of annual payments of $100, paid for 5 years, with an interest rate of 8% (compounded). FVn = CF1(1 + r)N−1 + CF2(1 + r)N−2 + ... CFn
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To compute the future value of annuity payments we can use the formula FVn CF11 rN1 ...
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
