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Q.1-3) At a 10% per year interest rate, $500 now is equivalent to how much three years hence? 1. Fill the blank. a. P=( )
Q.1-3) At a 10% per year interest rate, $500 now is equivalent to how much three years hence? 1. Fill the blank. a. P=( ) b. n=( ) c. i= ( ) 2. What is the equivalent value of (F/P, 10%, 3) factor? a. 1.3439 b. 0.7441 c. 1.3310 d. 0.7513 3. What is the F value? a. 732.05 b. 665.50 c. 500.75 d. 375.65
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