Question 1172643
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That stupid table is a waste of your time.


*[tex \LARGE \ \ \ \ \ \ \ \ \ \ FV\ =\ PV\(1\,+\,\frac{r}{n}\)^{nt}]


Where *[tex \Large FV] is the future value of a present value *[tex \Large PV] invested at an interest rate of *[tex \Large r] expressed as a decimal (percentage divided by 100), for *[tex \Large t] years compounded *[tex \Large n] times per year. This formula can be written:


*[tex \LARGE \ \ \ \ \ \ \ \ \ \ PV\ =\ \frac{FV}{\(1\,+\,\frac{r}{n}\)^{nt}}]


The table is made by setting *[tex \Large FV\ =\ 1] and then running the formula for various values of *[tex \Large r,\ n,] and *[tex \Large t]


The reason I say that the table is a waste of time is that since you have a calculator built into your computer that is capable of quickly performing these calculations you can get the answer to your questions without having to find a table that specifically has the input values that you need.


So for the New Table Factor:


*[tex \LARGE \ \ \ \ \ \ \ \ \ \ PV\ =\ \frac{1}{\(1\,+\,\frac{0.06}{1}\)^{29}}]


And for the compound amount:


*[tex \LARGE \ \ \ \ \ \ \ \ \ \ FV\ =\ 17000\(1\,+\,\frac{6}{1}\)^{29}]

																
John
*[tex \LARGE e^{i\pi}\ +\ 1\ =\ 0]
My calculator said it, I believe it, that settles it
*[illustration darwinfish.jpg]

From <https://www.algebra.com/cgi-bin/upload-illustration.mpl> 
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