Future Value - single sums If you deposit $100 in an account earning 6%, how much would you have in the account after 1 year? PV = -100 FV = 106 1 Mathematical Solution: FV = PV (FVIF) i,n FV = 100...


Future Value - single sums<br>If you deposit $100 in an account earning 6%, how<br>much would you have in the account after 1 year?<br>PV = -100<br>FV = 106<br>1<br>Mathematical Solution:<br>FV = PV (FVIF)<br>i,n<br>FV = 100 (FVIF<br>) (use FVIF table, or)<br>.06, 1<br>FV = PV (1 + i)

Extracted text: Future Value - single sums If you deposit $100 in an account earning 6%, how much would you have in the account after 1 year? PV = -100 FV = 106 1 Mathematical Solution: FV = PV (FVIF) i,n FV = 100 (FVIF ) (use FVIF table, or) .06, 1 FV = PV (1 + i)" FV = 100 (1.06) %3D = $106 Page

Jun 01, 2022
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