3 Answered Questions for the topic Future Value

01/30/20

How is "i" computed in the following problem?

Calculate the compound interest rate. Compound interest is calculated based on the change in the cost index over the 4-yr period:  PV=FV(1+i)4362=3684(1+i)^44362/3684=(1+i)^41.18404=(1+i)^4i=4.31%
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Expert Answers •1
Future Value Math

02/02/19

Find the future value using future value formula
$350 at 5.75% simple interest for 2 years answer: ???
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Expert Answers •1
Future Value

11/16/14

Find the future value using future value formula. $602 at 5.5% compounded quarterly for 3 years
I need help with this problem finding future value. Find the future value using future value formula. $602 at 5.5% compounded quarterly for 3 years
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