What is the formula for calculating interest rates when the present value, the years and the future value is given?:confused:
![]() |
What is the formula for calculating interest rates when the present value, the years and the future value is given?:confused:
Remember this formula:
where:
FV = future value
PV = present value
i = interest rate per period (typically years)
n = period (typicaly years).
In this case you need to rearrange the formula to getby itself:
Hope this helps.
All times are GMT -7. The time now is 04:02 PM. |