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I was wondering if the numbers I used for NPER, PV and RATE are correct. The future value (FV) of $500 invested at 8 percent

I was wondering if the numbers I used for NPER, PV and RATE are correct.

The future value (FV) of $500 invested at 8 percent for one year

Nper:1

PV:$500

Rate:0.08

FV =$540

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