TEST NAME: PB01 Future Value of a Single Lump Sum Future Value (FV) = Present Value (PV)x (1 + i)" Where TIME LEFT 01:19:16 i is the interest rate per compounding period n is the number of compounding periods 46 Future Value of an Annuity A couple is saving for the childs college tuition January 1, they open an account and plan to invest $250 at the end of each month while earning 9% per year in the account FV of Ordinary Annuity =R x (1 + i)" - 1 How much will the couple be able to give their child for college after 12 years of saving? FV of Annuity Due =Rx (1+i)"-1 $5,035 18 $3,240.00 539 240 00 564,427.89 Present Value of Single Lump Sum FutureValue (FV) Present Value (PV) - NEXT > BOOKMARKED CLEAR (1 + i)" Where i is the interest rate per compounding period 37 38 39 40 Question navigation PREV 41 42 43 TEST NAME: PBO1 Future Value of a Single Lump Sum Future Value (FV) - Present Value (PV)x (1 + i)" Where Nasir Fau is the interest rate per compounding period n is the number of compounding periods. TIME LEFT: 01:19:33 Future Value of an Annuity A bakar borows $30.000 rade of 7%. to make improvements to the baby's dren. The baker plans on ming payments of 883.40 every quarter FV of Ordinary Annuity =R x (1 + 17'-1 . How many years will it take the baker to pay of this boon? FV of Annuity Due =R x (1 + i)"-1 3 years 8 years 9 years 13 years Present Value of Single Lump Sum FutureValue (FV) Present Value (PV) NEXT BOOKMARKED CLEAR Where I is the interest rate per compounding period Question navigation TEST NAME: PBO1 Stop Share Future Value of a Single Lump Sum Future Value (FV) = Present Value (PV)x (1 + i)" TIME LEFT 01:19:55 Where. i is the interest rate per compounding period n is the number of compounding periods A person is planning to open a retirement account and invest an equal amount each month until retirement in 32 years. This account will eam 9% per year and will have $2,000,000 in the account at retirement Future Value of an Annuity What is the amount of the monthly investment? FV of Ordinary Annuity =R x (1 + i)" - 1 1 FV of Annuity Due =R x (1 + i)"-1 587554 $902.32 5698 23 557142 1 NEXT > Present Value of Single Lump Sum FutureValue (FV) Present Value (PV) = (1 + i)" BOOKMARKED CLEAR Where i is the interest rate per compounding period