### Calculate FV of an amount of investments

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?