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) ?
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) ?
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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