If : Present Value (PV) of a bond=  $8000 Number of Years (N) it takes to mature = 20years. Interest Rate (r) = 7%   Using the rule of 70, what is the Future Value (FV) ?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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If :

Present Value (PV) of a bond=  $8000

Number of Years (N) it takes to mature = 20years.

Interest Rate (r) = 7% 

 Using the rule of 70, what is the Future Value (FV) ?

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