Personal Finance Tax Update
Personal Finance Tax Update
13th Edition
ISBN: 9780357438947
Author: E. Thomas Garman; Raymond Forgue
Publisher: Cengage Learning US
Question
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Chapter 1, Problem 2DTM
Summary Introduction

Concept Introduction:

To Calculate: Future value.

Future Value: It is a value of a present amount on some future date. When present sum increases due to interest rate then that interest plus principle is called as future value. It is calculated by multiplying the future value of rupee 1 to the present value.

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