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April 25, 2014

April 25, 2014

Posted by **dean** on Wednesday, August 1, 2012 at 4:12pm.

- finance -
**MathMate**, Wednesday, August 1, 2012 at 7:00pmPresent value=PV=2000

r=rate per period(6 periods/year)=(0.04/6)

n=number of periods=6years*6periods/year=36

Use following formula to calculate future value

FV=PV*(1+r)^n

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