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11 May, 09:38

assuming saving is 3,000 times 10 years rate is 2% = 0.02 excel formula = fv (0.02,10-3000.00) future value (fv) is what

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  1. 11 May, 09:41
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    Future Value: 3,656.98

    Step-by-step explanation:

    Present Value (P) : 3000

    Number of Time Periods (n) : 10

    Interest Rate Per Time Period (i) : 2%

    FV (Future Value) = P * (1 + i) ^n

    = 3000 * (1 + 0.02) ^10

    Future Value: 3,656.98
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