Suppose you want to deposit a certain amount of money into a savings account and then leave it alone to draw interest for the next 10 years. At the end of 10 years you would like to have $10,000 in the account. How much do you need to deposit today to make that happen? You can use the following formula, which is known as the present-value formula, to find out: P= F (1+r)" The terms in the formula are as follows: ▪ P is the present value, or the amount that you need to deposit today. ▪ F is the future value that you want in the account. (In this case, F is $10,000.) ▪r is the annual interest rate. ▪n is the number of years that you plan to let the money sit in the account.
Suppose you want to deposit a certain amount of money into a savings account and then leave it alone to draw interest for the next 10 years. At the end of 10 years you would like to have $10,000 in the account. How much do you need to deposit today to make that happen? You can use the following formula, which is known as the present-value formula, to find out: P= F (1+r)" The terms in the formula are as follows: ▪ P is the present value, or the amount that you need to deposit today. ▪ F is the future value that you want in the account. (In this case, F is $10,000.) ▪r is the annual interest rate. ▪n is the number of years that you plan to let the money sit in the account.
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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showing a User Interface with sample data entered and calculated as well
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