Table 3. Principal = $100.00. Future Value. Interest Rate. 5 Years. 10 Years ... (1 + i)n. Present value formula for compound interest. = 10,000. (1.0025)104 ... received on January 1, 2027, if it is now May 1, 2018, and money can be ... account paying 3.4% interest compounded quarterly to buy ... ing 2.75% simple interest. 5.Step-by-step explanation:
