Future value of $1 table Posted in: Capital budgeting techniques (explanations) By: Rashid Javed | Updated on: January 7th, 2017 « Prev Next »
Azhar Moin $6,000 × (1 + 9%)12 = $6,000 × 2.813* = $16,878 Sir, I want to know how you calculate 2.813* ? as per your solution of compound Interest waiting your prompt Reply with Regards Azhar Moin Reply
CA Ankur Gupta (1.09)raise to the power 12 = 2.813 alternatively multiply (1.09)x(1.09)x(1.09)x(1.09)x(1.09)x(1.09)x(1.09)x(1.09)x(1.09)x(1.09)x(1.09)x(1.09)=2.813 Reply
yes
$6,000 × (1 + 9%)12
= $6,000 × 2.813*
= $16,878
Sir, I want to know how you calculate 2.813* ? as per your solution of compound Interest
waiting your prompt Reply
with Regards
Azhar Moin
(1.09)raise to the power 12 = 2.813
alternatively multiply (1.09)x(1.09)x(1.09)x(1.09)x(1.09)x(1.09)x(1.09)x(1.09)x(1.09)x(1.09)x(1.09)x(1.09)=2.813