| View Question |
|
|
 | ||
|
| Subject:
Finance
Category: Business and Money > Finance Asked by: baseball2-ga List Price: $5.00 |
Posted:
16 Jul 2005 11:34 PDT
Expires: 16 Jul 2005 13:24 PDT Question ID: 544258 |
I need to know the formula to calculate interst on present and future value. Example of what I am looking for. What would be the interest rate by the following combinations of presetn and future values: PV= 400.00 Years 11 FV= 684. Be rest assured I am NOT looking for the answere. RAther a formula or web-site that will assist me in answering this question. Thank you! |
| ||
|
| There is no answer at this time. |
| ||
|
| Subject:
Re: Finance
From: gbasin-ga on 16 Jul 2005 13:01 PDT |
684 = 400(x)^11 684/400 = x^11 11th root (1.71) = 1.049981059 To check your answer, simply: 400(1.049981059)^11 = 684 |
| Subject:
Re: Finance
From: gbasin-ga on 16 Jul 2005 13:03 PDT |
Sorry, realized you wanted a formula, so to clarify: FV = PV(X)^r where r is the number of years X= rth root(FV/PV) This is assuming yearly compounding. It would be slightly different if the interest was compounded monthly/weekly/etc. |
| Subject:
Re: Finance
From: baseball2-ga on 16 Jul 2005 13:24 PDT |
Thank you very much. This has been extremely helpful. Appreciate you taking the time to help me out. |
If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you. |
| Search Google Answers for |
| Google Home - Answers FAQ - Terms of Service - Privacy Policy |