# Help! Math is killing me!

FratBro23
Category:
Price: \$10 USD

Question description

If you look at the formula to calculate the dollar amount of \$1 you put into savings today, you see that it is fv = pv*((1+i)^n). The variables are fv = future value, pv = present value, i = interest rate per period, and n = the number of periods. In the formula, n is an exponent.

*What does the exponent in this case state that you need to do mathematically to the (1 + i) segment of the formula?

*Select an interest rate as well as a different number of periods.

*How much money would you have at the end if you invested \$1 today (pv)?

(Top Tutor) Daniel C.
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School: Boston College
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