4.1 - FV = PV x(1 i)^n FV= 10,000 x(1.10)^5 FV= $16,105.10

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
4-1 If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in your account after 5 years? Future Value = Present Value x (1 + interest) times number of time period
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: FV = PV x (1 + i)^n FV= 10,000 x (1+.10)^5 FV= $16,105.10 ( http://www.accountingcoach.com/online-accounting-course/84Xpg01.html#future-value-introduction )...
View Full Document

This note was uploaded on 04/06/2012 for the course FINANCE 410 taught by Professor N/a during the Spring '09 term at AIU Online.

Ask a homework question - tutors are online