FV = PV(1+rt) 2537.00 = 2500 \left[1 + \left(\frac{37}{180}\right)r\right]
Added by Tammy J.
Close
Step 1
FV stands for Future Value, which is the amount of money that an investment will be worth after a certain period of time. Show more…
Show all steps
Your feedback will help us improve your experience
Gregory Higby and 76 other Calculus 3 educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
Now calculate the future value, FV. FV=PV(1+I) n =1405.79(1+0.00225) 48 = $ 1565.93 What are the steps involved to reach this answer
Donna D.
Calculate the present value PV of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. HINT [See Quick Example 4.] (Round your answer to the nearest cent.) PV = Need Help?
Gregory H.
Calculate the present value PV (in dollars) of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. (Round your answer to the nearest cent.) 14 years, at 3.6% per year, compounded quarterly PV = $
Recommended Textbooks
Calculus: Early Transcendentals
Thomas Calculus
Watch the video solution with this free unlock.
EMAIL
PASSWORD