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3 cards from this section. Quick, good the night before a test.
What is the formula for calculating Future Value?
Remember that PV stands for Present Value!
If you have a sum of ₹5,000 now, what is its Future Value in 1 year at 5% interest?
Use the FV formula and substitute the given values!
What is the future value of ₹10,000 at 5% interest after 3 years?
Use the FV formula.
True or False: Present Value increases with a higher interest rate.
Consider how interest affects the value over time.
You have the option to receive ₹100,000 today or ₹130,000 in 5 years. If the interest rate is 8%, which option should you choose?
Use the PV formula to find the current worth of the future amount.
If an investment of ₹50,000 will yield ₹70,000 in 3 years, what is the annual interest rate?
Set up the FV equation and solve for 'r'.
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