Lecture Notes on Time Value of Money
Calculate the future value of $60.00 per year at 7% per year for eight years. n [N] i [I/YR] PV PMT FV 8 7 0 -60 ? FV = $615.50. 5. Calculate the future value of $50.00 per month at 6% APR for 24 months. n[N] i [I/YR] PV PMT FV 24 0.5 0 -50 ? FV = $1,217.60. 6. Calculate the present value of $500 per year at 6% per year for 5 years (monthly ... ................
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