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3 Comments on Future value of $1 table

  1. 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

    1. 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

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