Future value- single sums Ifyou deposit s1o0 in an account earning 6% with quarterly compounding, how much would you have in the account after 5 years? PV= FV
0 ? PV = FV = Future Value - single sums If you deposit $100 in an account earning 6% with quarterly compounding, how much would you have in the account after 5 years?
Future value- single sums Ifyou deposit s1o0 in an account earning 6% with quarterly compounding, how much would you have in the account after 5 years? PV=-100 FV 0 20 Calculator solution P/Y=4 I=6 N=20 PV=-100 FV=$13468
Calculator Solution: P/Y = 4 I = 6 N = 20 PV = -100 FV = $134.68 0 20 PV = -100 FV = Future Value - single sums If you deposit $100 in an account earning 6% with quarterly compounding, how much would you have in the account after 5 years?
Future value- single sums Ifyou deposit s1o0 in an account earning 6% with quarterly compounding, how much would you have in the account after 5 years? PV=-100 FV=134.68 0 20 Calculator solution P/Y=4 I=6 N=20 PV=-100 FV=$13468
Calculator Solution: P/Y = 4 I = 6 N = 20 PV = -100 FV = $134.68 0 20 PV = -100 FV = 134.68 Future Value - single sums If you deposit $100 in an account earning 6% with quarterly compounding, how much would you have in the account after 5 years?
Future value- single sums Ifyou deposit s1o0 in an account earning 6% with quarterly compounding, how much would you have in the account after 5 years? PV=-100 FV=134.68 0 20 Mathematical solution FⅤ=pv( FVIF) FV=100(FVIF 015.20)(can't use FVIF table FV=PV(1+im)mxn FV=100(1.015)20=$134.68
Mathematical Solution: FV = PV (FVIF i, n ) FV = 100 (FVIF .015, 20 ) (can’t use FVIF table) FV = PV (1 + i/m) m x n FV = 100 (1.015)20 = $134.68 0 20 PV = -100 FV = 134.68 Future Value - single sums If you deposit $100 in an account earning 6% with quarterly compounding, how much would you have in the account after 5 years?
Future value-single sums Ifyou deposit $100 in an account earning 6% with monthly compounding, how much would you have in the account after 5 years?
Future Value - single sums If you deposit $100 in an account earning 6% with monthly compounding, how much would you have in the account after 5 years?