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Posted on Aug 27, 2024

FVn = PV ( 1 + I ) ^ n = $ 1 ( 1 + 0 . 0 5 ) ^ 3 = $

FVn

=

(1 +

)^

=

1 (1 + 0.05)^3 =

1.16

What is the future value of $

1

in period

4

when the intrest rate is

5

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