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(Solved by Expert Tutors) -First, from the formula for future value (FV), algebraical


-First, from the formula for future value (FV), algebraically

derive the solution for calculating the number of periods (t) for a given set of FV, PV and r.? (Hint: a derivation cannot be plagiarized).? Second, pick a PV and pick a FV (here FV cannot be double the PV) and calculate the time necessary for the amount chosen for PV to equal the amount chosen for FV.? Please,?succinctly explain all the steps.?

 


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Apr 19, 2020

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