What is the future value of $1,280 in 13 years assuming an interest rate of 11 percent
Question:
What is the future value of $1,280 in 13 years assuming an interest rate of 11 percent compounded semiannually?
Future ValueFuture value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...
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For this problem we simply need to find the FV of a lump sum using th...View the full answer
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Ankur Gupta
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Related Book For 
Essentials Of Corporate Finance
ISBN: 9780073405131
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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