document.write( "Question 983668: in finance, the future value of a single sum formula is useful when you want to know how much a given amount of your money will be worth at a given date in the future. The future value of a single sum is calculated using the formula
\n" ); document.write( "FV=PV(1+r)^n
\n" ); document.write( "​​ where FV= future value, PV= present value, r= interest rate, and n= number of periods (e.g., years or months) on which the interest is calculated.
\n" ); document.write( "Rearrange the formula to solve for r
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Algebra.Com's Answer #604469 by MathLover1(20850)\"\" \"About 
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\n" ); document.write( "\n" ); document.write( "\"FV=PV%281%2Br%29%5En+\"\r
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\n" ); document.write( "\n" ); document.write( "\"FV%2FPV=%281%2Br%29%5En+\"\r
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\n" ); document.write( "\n" ); document.write( "\"root%28n%2CFV%2FPV%29=%281%2Br%29+\"\r
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\n" ); document.write( "\n" ); document.write( "\"root%28n%2CFV%2FPV%29-1=r+\"
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