Problem 56095. Compound Interest : Future Value

Theorem : Compound Interest
where,
  • F : Future value at the end of n periods
  • P : Present value
  • r : Annual nominal rate
  • n : Total number of compounding periods
Calculate F, given P, r and n. Round to the nearest cent.
Solve

Solution Stats

70.3% Correct | 29.7% Incorrect
Last Solution submitted on Dec 06, 2024

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