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Future value needed

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Reference no: EM133050558

How much should be invested now to have $15,000 in six years if interest is 4% compounded quarterly?

  • Future Value Needed (FV)
  • Quoted Rate
  • Compounding Frequency
  • Number of compoundings (m)
  • Quoted Rate divided by m = RATE
  • Number of Years
  • NPER (Num. of years * m)
  • Amount Invested Now (PV)

Reference no: EM133050558

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