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    Investment and Return Adjustment

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    V=future value 9.85 when:
    pv=present value is l
    i=interest rate per period or 10%
    n=number of periods (n is an exponent) is 24

    fv = pv*((1+i)^n)
    fv = 1*((1+0.1)^24
    fv = 9.85

    How much would your dollar be worth if you had taken .33 out of your investment at the end of the 12th year?

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    Solution Preview

    So basically we want to subtract out the FV of the 0.33 that we take out at the end of the 12th year. This amount is:

    FV = ...

    Solution Summary

    The solution calculates FV amount of investments.