Determine the future value of a 25000 dollar investment at an annual rate of 4.85 percent compounded quarterly for 6 years.?
回答 (2)
2016-11-08 9:46 am
Using Excel FV function
Future value = FV(4.85%/4,6*4,,-25000) = 33,385.64
Future value = FV(4.85%/4,6*4,,-25000) = 33,385.64
2016-11-07 6:44 pm
The value will be multiplied by 1+0.0485/4 = 1.012125 in each of the 24 quarters.
.. 25000*1.012125^24 = 33,385.64 . . .dollars
.. 25000*1.012125^24 = 33,385.64 . . .dollars
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