anly
Joined: 17 Jan 2012
Posts: 71
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 Posted: Thu Jan 19, 2012 8:05 am Post subject: What is the Time Value of Money equation for this question? |
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Assume the cost of capital is 10% for all options and what you want is the highest amount of value by age 65. How much would you make if you invest $5000 every year from age 21 to 23?
I DON'T UNDERSTAND the question. We got a formula, however I think its incorrect, since it gives me a negative number. Which is FV = PV)(1+i)^firstn+1 - (1+r)^lastn)) / r
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