What’s the future valueof $100 after 3 years if the appropriate interest rate is 8%, compounded annually?

What’s the **future valueof $100 after 3 years if the appropriate interest rate is 8%, compounded annually?**

NPER
RATE
PV
PMT
FV

Expert Solution

Information provided:

Present value= $100

Time= 3 years

Interest rate= 8%

The question is solved by calculating the future value.

Enter the below in a financial calculator to compute the future value :

PV= -100

N= 3

I/Y= 8

Press the CPT key and FV to compute the future value.

The value obtained is 125.97.

Therefore, the future value is $125.97.

jeff jeffy answered 2 years ago

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