Loan Amortization - Salisbury University
Look in the FVIF Table in the 12 percent column until we find 1.75. It is between 4 and 5 periods. Using the calculator. Future Value. You have $20,000 to invest. If you can earn 9% per year, how much will you have in ten years? FV = $20,000(FVIF9%,10) N 10 I 9% PV $20,000 Pmt 0 Cpt FV $47,347.27 The GDP will grow at 2.5% for the next three years. ................
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