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
1 answer:
Answer:
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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