claytharding136 claytharding136

12-09-2022
Business

Answered

What is the future value of $2,500 per year for 15 years at an interest rate of 6.63 percent?

Answer :

tutorconsortium215 tutorconsortium215

15-09-2022

Present Value (PV): = $2,500

Interest Rate = 6.63%

Interest Period = 15

Future Value = 927.31

FV=PV(1+i)n

FV=PVert

Investment: The sum invested.

Interest rates: The rate at which investments are returned.

Years: The length of time, in years.

What Is Future Value (FV)?

Future value is the value of a current asset at some time in the future based on an anticipated rate of growth (FV). The future value is important to investors and financial planners because they use it to estimate how much an investment made now will be worth in the future. Knowing the future worth enables investors to choose wisely based on their anticipated needs. However, external economic factors that reduce an asset's value, such inflation, could harm the asset's potential value in the future.

To learn more about FV Future Value from the given link.

https://brainly.com/question/24703884

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