# Future Value - Download as Excel by liwenting

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```									FV = PV (1 + r)^ periods / quarters / years                             PV = FV /(1+r)^n
Solving for the Future Value using Compounding                          Solving for Present Value using Compound Interest
PV                                  FV      rate     years            PV                     FV       rate     years
\$100.00                         \$104.04     2%           2         \$96.12               \$100.00       2%         2

ANSWERS HERE

SM3-1: Dollars and Sense
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5                                SOLVE THESE WITH ONLINE CALCULATORS
WORKSHEET 2: SOLVING FOR FUTURE VALUES

FV = PV or Principal * interest rate * number of years + Principal
Solving for the Future Value using Simple Interest
PV                           FV         rate       years
\$1,000.00                     1,270.00          3%           9

PROBLEMS NEEDED HERE

FV = PV (1 + r)^ periods / quarters / years
Solving for the Future Value using Compounding
PV                         FV           rate   years
\$100.00                       104.04         2%       2

ANSWERS HERE
1    1,270.00
2    1,344.00
3    7,650.00
4   72,050.00
5    5,171.00
6   18,972.00
7    4,700.00
8   12,341.00
9    5,775.00
WORKSHEET 3: SOLVING FOR PRESENT VALUES

PV = FV / (1+r)
Solving for Present Value Using Simple Interest
PV                        FV          rate
\$98.04              \$100.00            2%

PV = FV /(1+r)^n
Solving for Present Value using Compound Interest
PV                        FV        rate        years
\$55.37               \$100.00         3%          20

ANSWERS HERE
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