Question
The formula for calculating the future value of money F=P(1+r)^n Information : F = Value of money at the end of a certain period P
The formula for calculating the future value of money F=P(1+r)^n Information : F = Value of money at the end of a certain period P = Present Money Value r = Interest per period n = Number of Periods Invest IDR 125,000 in the form of a 3-year deposit with 8 percent interest per year, Try to calculate how much is the value of the money after the 3rd year?
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Public Finance And Public Policy
Authors: Jonathan Gruber
2nd Edition
0716766310, 9780716766315
