Explanation
Some values below may show as rounded for display purposes, though unrounded numbers should be used for actual calculations.
| FV | = | PV × (1 + r)t |
| r | = | (FV / PV)1/t – 1 |
| r | = | ($825 / $410)1/12 – 1 = 0.0600, or 6.00% |
| r | = | ($289 / $188)1/5 – 1 = 0.0898, or 8.98% |
| r | = | ($310 / $310)1/8 – 1 = 0.0000, or 0% |
Calculator computations:
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Enter
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12
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−410
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825
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N
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I/Y
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PV
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PMT
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FV
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Solve for
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6.00
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Enter
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5 |
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−188
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289
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N
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I/Y
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PV
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PMT
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FV
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Solve for
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8.98
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