Question
Future value calculation. Without referring to the preprogrammed function on your financial calculator , use the basic formula for future value along with the given
Future value calculation. Without referring to the preprogrammed function on your financial calculator, use the basic formula for future value along with the given interest rate, r, and the number of periods, n, to calculate the future value of $1 in each of the cases shown in the following table.
| Case | Interest rate, r | Number of periods, n |
| A | 12% | 2 |
| B | 6 | 3 |
| C | 9 | 2 |
| D | 3 | 4
|
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
