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Time Value Of Money Speech

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Topic:	Business
Number of pages / Number of words:	7 / 1757

Essay's paper body

Where:

FV = PV (1 + i)n

i = interest rate = 5% = 0.05

n = number of years = number of periods = 20.

PV = $24,000

Table 2, $24,000 compounded over a 20 year period.

First Year $24000.00 x 1.05 = $25200.00

Second Year $25200.00 x 1.05 = $26460.00

Third Year $26460.00 x 1.05 = $27783.00

Twentieth Year $60646...

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