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? PV = -100 FV = 134,89 %3D 60 Mathematical Solution: FV = PV (FVIF FV = 100 (FVIF (can't use FVIF table) 005.60
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? PV = -100 FV = 134,89 %3D 60 Mathematical Solution: FV = PV (FVIF FV = 100 (FVIF (can't use FVIF table) 005.60
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.2: The Natural Exponential Function
Problem 36E
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