answers to pfin planning exercise 3
ions Use formulas such as: \[ FV = PV \times (1 + r)^n \] to determine future value of investments, or \[ PMT = \frac{FV \times r}{( (1 + r)^n - 1)} \] for periodic payment calculations, where: FV = future value needed PV = present value r = interest rate per period n = number of pe