Analysis 01 Assume that you have 1 000 to invest so insert

Last updated: 9/17/2023

Analysis 01 Assume that you have 1 000 to invest so insert 1000 as your Present Value in the table below 1 Assume that you want to invest your money for 5 years insert 5 for Number of Periods Assume an 2 annual interest rate of 3 00 insert 3 for Interest Rate Per Period The table below will determine the 3 Future Value of your investment If you input the numbers correctly your Future Value is computed to be 1 159 which is what your investment will be worth in 5 years Now revise the input to reflect your 5 actual savings and the prevailing interest rate so that you can see how your savings will grow in 5 years Even if you have no savings now you can at least see how the interest rate affects the future value of savings by revising your input in the Interest Rate per Period and then notice the change in the Future Value Future Value of a Present Amount Present Value Number of Periods Interest Rate per Period Future Value