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# Finite Mathematics (Future Value - Present Value)

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Can you help me with the following questions:

- What is the difference between the accumulated amount (future value) and the present value of an investment? Please give examples of each.

- Find the accumulated amount at the end of 8 mo on a \$1200 bank deposit paying simple interest at a rate of 7%/year.

- A bank deposit paying simple interest at the rate of 5%/year grew to a sum of \$3100 in 10 months. find the principle.

- Five and a half years ago, Chris invested \$10,000 in a retirement fund that grew at the rate of 10.82%/year compounded quarterly. What is his account worth today?

- If Jackson deposits \$100 at the end of each month in a savings account earning interest at the rate of 8%/year compounded monthly, how much will he have on deposit in his savings account at the end of 6 yr, assuming that he makes no withdrawals during that period?

https://brainmass.com/math/discrete-math/finite-mathematics-future-value-present-value-493323