Future Value - (decimal input)
Last modified by
on
Jul 24, 2020, 6:28:07 PM
Created by
on
Mar 15, 2014, 4:26:59 PM
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This equation calculates the future value of today's sum after n compounding periods.
INPUTS
This equation computes a Future Value based on compounded interest at a fixed rate. The inputs are:
- S - the starting Sum or present value of the loan
- r - the yearly interest rate expressed as a decimal (i.e, 7.9% is 0.079 as input)
- n - the number of months compounding interest
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