Compute the future value in year 10 of a $1,000 deposit in year 1, and another $1,500 deposit at the end of year 4 using an 8 percent interest rate.
N | = 10 − 1 = 9 | N | = 10 − 4 = 6 |
I | = 8 | I | = 8 |
PV | = 1000 | PV | = 1500 |
PMT | = 0 | PMT | = 0 |
CPT FV | = 1999.00 | CPT FV | = 2380.31 |
1999.00 + 2380.31 | = 4379.31 |
Compute the future value in year 10 of a $1,000 deposit in year 1, and another $1,500 deposit at the end of year 4 using an 8 percent interest rate.
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