Future Value of Growing Annuity Formula with Calculator
If the winner was to invest all of his lottery prize money, he would have $2,544,543.22 after 25 years. Therefore, by changing directions, future value can derive present value and vice versa. The future value of $1,000 one year from now invested at 5% is $1,050, and the present value of $1,050 one year from …
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