Boston College

Equation (2.1) in Chapter 2 gives us the basic relationship among the four variables, so we can rewrite Equation (2.1) in terms of the function names: FV = PV(1+RATE)NPER (E2.1) That is, if we invest an amount PV now at the interest rate per period RATE, then after NPER periods, we will have FV. ................
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