# Future value of $1 table

Posted in: Capital budgeting techniques (explanations)

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# Future value of $1 table

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Posted in: Capital budgeting techniques (explanations)

3 Comments on Future value of $1 tableyes

$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