Fundamentals Of Corporate Finance, Tenth Standard Edition
Fundamentals Of Corporate Finance, Tenth Standard Edition
10th Edition
ISBN: 9781121571938
Author: Westerfield, Jordan, 2013 Ross
Publisher: Mcgraw-Hill
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Chapter 5.1, Problem 5.1CCQ
Summary Introduction

To discuss: The future value of $1, if it is invested at “r” rate of interest for “t” periods

Introduction:

The future value of money refers to the amount of dollars that an investment grows over a definite period at a particular rate of interest rate. In other words, it refers to the future value of present cash investments.

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