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? PV= FV
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? 0 ? PV = FV =
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? PV=-100 FV 0 60 Calculator solution P/Y=12 I=6 N=60 PV=-100 FV=$13489
Calculator Solution: P/Y = 12 I = 6 N = 60 PV = -100 FV = $134.89 0 60 PV = -100 FV = 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?
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? PV=-100 FV=13489 0 60 Calculator solution P/Y=12 I=6 N=60 PV=-100 FV=$13489
Calculator Solution: P/Y = 12 I = 6 N = 60 PV = -100 FV = $134.89 0 60 PV = -100 FV = 134.89 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?
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? PV=-100 FV=13489 0 60 Mathematical solution FⅤ=Pv(FVIF;n) FV=100 (FVIF 005. 60)(can't use FVIF table) FV=PⅤ(1+im)mxn FⅤ=100(1.0050=s134.89
Mathematical Solution: FV = PV (FVIF i, n ) FV = 100 (FVIF .005, 60 ) (can’t use FVIF table) FV = PV (1 + i/m) m x n FV = 100 (1.005)60 = $134.89 0 60 PV = -100 FV = 134.89 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?
Future value- continuous compounding What is the Fyofs1, 000 earning 8% with continuous compounding, after 100 years?
Future Value - continuous compounding What is the FV of $1,000 earning 8% with continuous compounding, after 100 years?