2. Firm wishes to have $3,000 seven years from now. What amount should be deposited now at an interest rate of 5% per year to provide for it? Future Value amount FV Rate of interest (i%) Number of period RATE per year NPER years

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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2. Firm wishes to have $3,000 seven years from now. What amount should be deposited now at an interest rate of 5% per year to provide for it?
Future Value amount
FV
Rate of interest (i%)
Number of period
RATE
per year
NPER
years
Transcribed Image Text:2. Firm wishes to have $3,000 seven years from now. What amount should be deposited now at an interest rate of 5% per year to provide for it? Future Value amount FV Rate of interest (i%) Number of period RATE per year NPER years
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