Multiple ChoiceUsing a little bit of algebra, we can rearrange the time value of money formula:FV = PV x (1 + r)nThe formula FV = PV x (1 + r)n is best used for: 229views
Open QuestionYou are saving up $12,000 for a luxurious European vacation two years from now. How much money would you need to invest today at Clutch Bank, earning their juicy 10% annual interest, to have enough for your vacation?181views
Open QuestionYou are saving up $12,000 for a luxurious European vacation two years from now. How much money would you need to invest today at Clutch Bank, earning their juicy 10% annual interest, to have enough for your vacation? How much would you need to invest today, if instead you could only earn 6% interest?171views1rank