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Interest rate in
this case is in
decimals
Solution:
P = $10,000
i = 8% per year
n = 5 years
F=?
Solution:
P = $2000
i = 7% per year
n = 10 years
Solution:
Time is expressed in years
P = $ 5000
A = $1000 per year for 5 years
F = ? At the end of year 6
i = 6% per year
n = 5 years for A series and 6 for the F
value
Solution:
Time is in years
P=?
i = 6% per year
n = 1 year
F = P + interest = ? + $1000