This question's due date has already passed. You may post a tutorial, but there's no guarantee that the original asker will purchase the tutorial. But other people might!

Question

$1.00 If you look at the formula to calculate

Asked by :
siyieta
siyieta
Rating :No Rating
Questions Asked: 2
Tutorials Posted: 0
 
 
Q:
If you look at the formula to calculate the dollar amount of $1 you put into savings today, you see that it is fv = pv*((1+i)^n). The variables are fv = future value, pv = present value, i = interest rate per period, and n = the number of periods. In the formula, n is an exponent. What does the exponent in this case state that you need to do mathematically to the (1 + i) segment of the formula? Select a different interest rate than your classmates who have already answered this question, as well as a different number of periods. How much money would you have at the end if you invested $1 today (pv)?
 

Available Tutorials to this Question
 
$1.00
FV and PV interest formula explained
  • This tutorial was purchased 4 times and rated No Rating by students like you.
  • Posted on Mar 15, 2010 at 8:22:50PM
Posted by :
A:
Preview: ... see that it is fv = pv*((1+i)^n). The variables are fv = future value, pv = present value, i = interest rate per period, and n = the number of periods. In the formula, n is an exponent. What does the exponent in this case state that you need to do mathematically to the (1 + i) segment of the formula? Select ...
The full tutorial is about 292 words long .