Scribd
Upload
75 views1 page

09 Worksheet 2

This document shows a table calculating the future value of $10,000 over 10 years with an annual interest rate of 3%. Each row displays the principal, interest earned that year, total for that year, and the future value calculation. The future value increases each year as the interest compounds, reaching $13,439.16 after 10 years. The document uses the future value formula to demonstrate how to calculate the growing total as interest is applied annually to the accumulating balance.

Uploaded by

Blue Night
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
75 views1 page

09 Worksheet 2

This document shows a table calculating the future value of $10,000 over 10 years with an annual interest rate of 3%. Each row displays the principal, interest earned that year, total for that year, and the future value calculation. The future value increases each year as the interest compounds, reaching $13,439.16 after 10 years. The document uses the future value formula to demonstrate how to calculate the growing total as interest is applied annually to the accumulating balance.

Uploaded by

Blue Night
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

Future Value

Time Value of Money


Rate 3%
Yea Principal Interest Solution For Total Solution for total
r Interest
₱10,000.00 ₱300.00 Total – Total of the ₱10,300.00 F V t =₱ 10,000 (1+ 3 %)
1 previous period F V t =¿ ₱ 10,000 ( 1.03 )
FV t=₱ 10,300
₱10,300.00 ₱309.00 Total – Total of the ₱10,609.00 F V t =₱ 10,000 ( 1+3 % )
2

2 previous period FV t=¿ ₱ 10,000 ( 1.0609 )


FV t=₱ 10,609
₱10,609.00 ₱318.27 Total – Total of the ₱10,927.27 F V t =₱ 10,000 ( 1+3 % )
3

3 previous period F V t =¿ ₱ 10,000 (1.092727)


F V t =₱ 10,927.27 ¿
₱10,927.27 ₱327.82 Total – Total of the ₱11,255.09 F V t =₱ 10,000 ( 1+3 % )4
4 previous period F V t =₱ 10,000 ¿ 1.12550881)
FV t=₱ 11,255.09
₱11,255.09 ₱337.65 Total – Total of the ₱11,592.74 F V t =₱ 10,000 ( 1+3 % )
5

5 previous period FV t=¿ ₱ 10,000 ( 1.1592740743 )


FV t=₱ 11,592.74
₱11,592.74 ₱347.78 Total – Total of the ₱11,940.52 F V t =₱ 10,000 ( 1+3 % )
6

6 previous period FV t=¿ ₱ 10,000 ( 1.19405229653 )


FV t=₱ 11,940.52
₱11,940.52 ₱358.22 Total – Total of the ₱12,298.74 F V t =₱ 10,000 ( 1+3 % )7
7 previous period FV t=¿ ₱ 10,000 ( 1.22987386542 )
FV t=₱ 12,298.74
₱12,298.74 ₱368.96 Total – Total of the ₱12,667.70 F V t =₱ 10,000 ( 1+3 % )
8

8 previous period FV t=¿ ₱ 10,000 ( 1.26677008139 )


FV t=₱ 12,667.70
₱12,667.70 ₱380.03 Total – Total of the ₱13,047.73 F V t =₱ 10,000 ( 1+3 % )9
9 previous period FV t=¿ ₱ 10,000 ( 1.30477318383 )
FV t=₱ 13,047.73
₱13,047.73 ₱391.43 Total – Total of the ₱13,439.16 F V t =₱ 10,000 ( 1+3 % )
10

10 previous period FV t=¿ ₱ 10,000 ( 1.34391637934 )


FV t=₱ 13,439.16

You might also like