Ask Question
16 July, 05:19

Paul wants to deposit $600 today for a vacation he plans to take after graduation. Which formula should he use to determine the amount of money he will have available at the time of the vacation?

+1
Answers (1)
  1. 16 July, 08:22
    0
    Future value of a single amount

    Step-by-step explanation:

    Future value of a single amount - it is referred to as the amount of money that received after n year when money is deposit at the rate interest of i from the initial time. we can say that the total amount is the sum of principal money and interest value.

    The formula used to calculate the Future Value of a single amount

    Future value = Present value * [Future value factor]
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Paul wants to deposit $600 today for a vacation he plans to take after graduation. Which formula should he use to determine the amount of ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers