Present Value and EMI Calculations
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a) You earn interest of 10% per year, how much will you have at the end of 20 years?
N=20
I=10
Pv=0, fv=?
Pmt = 100
b) How much must you invest each year if you want to have 50,000 at the end of 20 years?
n-20
i= 10
fv=50,000
pmt= ?
pv= 0.
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Solution Summary
The solution shows how to calculate the PV and EMI.
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a) You earn interest of 10% per year, how much will you have at the end of 20 years?
N=20
I=10%
Pv=0, fv=?
Pmt = 100
Answer should be: FV = 5,727.50
Solution:
Here we are ...
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