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FUTURE VALUE p=1,580.00 r=3.75% t= 2 years and 6 months​

FUTURE VALUE p=1,580.00 r=3.75% t= 2 years and 6 months​
asked 121k views
20 votes
FUTURE VALUE

p=1,580.00
r=3.75%
t= 2 years and 6 months​

asked
User Pustovalov Dmitry
by
8.8k points

1 Answer

7 votes

Explanation:

(1 + 3.75%)^2.5 = 1.0964

FV = 1580 (1.0964)

= 1732.31

answered
User Irvin Dua
by
8.1k points
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