A one-time value of $611,841.95 earning 4% over 17 years will be worth what amount?
Md Ariful Islam
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Dr. Md Rushad Rahman
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You should be able to solve this using the formula in the article. The amount now, the principal, is $611,841.95. The time is 17 years, the rate is 12 %. Use the compounding formula, FV=P(1+.12)^17.
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