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TVM
Present Value (PV):
Future Value (FV):
Interest Rate (I%, annual):
Number of Periods (n):
Compounding per Year (C/Y):
Payment (PMT):
Calculate
Emma invested \(\dollar 1\,000\) in a variable rate investment account for 9 years. The interest rates were:
for the first five years: \(3.5\pourcent\) compounded monthly.
for the last four years: \(2.8\pourcent\) compounded monthly.
Find the final amount after 5 years.
7
8
9
4
5
6
1
2
3
C
0
.
dollars (round to the nearest integer)
Find the final amount after 9 years.
7
8
9
4
5
6
1
2
3
C
0
.
dollars (round to the nearest integer)
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