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Future Value
If a person wants to deposit now $1000 today @ 10% rate of interest. How much money will he get after 5 years?
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*** ** * ********* * ** * ******* ***** ********* =$161051If ***** *** were to ****** ******* ** * **** ** ***** you would have $161051 ** *** *** ** * **** periods *** ***** months ** ****** In other ***** * ****** ***** of ******* is ***** ** a ******* value ** **** *********** ** *** *** a ****** ******* taking ** ****** ****** **** *** $100000 today *** ****** *** ******* ** *** *** of * **** ******* *** ****** **** *** ***** ***** ** ***** ** you ***** be **** to invest the ****** ****** ** ***** for * ***** time periods which would end up ****** you more **** *******
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**** is **** *** *** using ****** ******** A = P(1 + ***** ****** in *** **** ** is **** *** question ** askingP=principle ******* ***** 1000(1+10/100x5)A=1500when using ******** interest **** *** *** **** ******** * *** * r/n)ntwhere * ** *** amount ** *** ************* ********* $1000r= **** ***** numbers ** periods in *** ****** *** answer **** ** ***** **** ********************************** ******* ***
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****** = ****** * $1000year * 5$1000(11)^5 ********