Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance & Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=411)
-   -   Present and future value (https://www.askmehelpdesk.com/showthread.php?t=336295)

  • Mar 31, 2009, 01:04 PM
    aechols1
    Present and future value
    I am pretty sure I did this right but I want to make sure... am I correct in solving for the present value?
    It says the present value of $1,552.90 due in 10 years at 12%?
  • Apr 1, 2009, 02:59 AM
    ROLCAM

    You are slightly confused.
    The use of your language has to be precise.

    Is your question :-

    If the present value is $1,552.90 , what would the future value be in 10 years at 12%?

    If this is the question then the answer would be:-

    If the present value is $1,552.90 , what would the future value be in 10 years at 12%?

    1,552.90

    1 1,552.90 1,739.25
    2 1,739.25 1,947.96
    3 1,947.96 2,181.71
    4 2,181.71 2,443.52
    5 2,443.52 2,736.74
    6 2,736.74 3,065.15
    7 3,065.15 3,432.97
    8 3,432.97 3,844.92
    9 3,844.92 4,306.31
    10 4,306.31 4,823.07

    The answer = $ 4,823.07

  • All times are GMT -7. The time now is 10:43 PM.