Look at the following math problems. 10 + 2 = 12 12 − 2 = 10 What are these operations called?
2 answers:
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FV = P(
)
Where, FV = Value after 12 years, P= Yearly deposits = $250, r= Rate = 6% = 0.06, n=Number of years = 12 years.
Then,
FV= 250 (
) = $4,217.50
Where, FV = Value after 12 years, P= Yearly deposits = $250, r= Rate = 6% = 0.06, n=Number of years = 12 years.
Then,
FV= 250 (