Personal Finance, FIN 2100 Kapoor 12th edition, University of Central Florida
Personal Finance, FIN 2100 Kapoor 12th edition, University of Central Florida
12th Edition
ISBN: 9781309091548
Author: N/A
Publisher: McGraw Hill Education
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Chapter 14, Problem 7FPP
Summary Introduction

To calculate:

Future value of reinvestment of dividend each year for 15 years with interest rate of 6%.

Introduction: Time value of money is the idea that explains the decrease in the value of money due to increase in the time period. It explains that the value of money today worth more than the same value of money in the future.

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