24.4.1 - Future Value (FV)
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Practice Questions
Test your understanding with targeted questions
What is the Future Value of ₹5,000 at an interest rate of 6% after 1 year?
💡 Hint: Use the FV formula: FV = PV × (1 + r).
Calculate the FV of ₹2,000 at 8% after 2 years.
💡 Hint: Remember to use the power for the number of years.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does Future Value (FV) represent?
💡 Hint: Think about how money grows over time.
True or False: The formula for FV only applies to simple interest calculations.
💡 Hint: Consider how interest accumulates.
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Challenge Problems
Push your limits with advanced challenges
Calculate the Future Value of ₹30,000 invested at 8% compounded annually for 6 years.
💡 Hint: This is a compounded interest problem, remember to use the exponent.
If ₹10,000 is invested at 6% annual interest compounded monthly for 5 years, what is the FV?
💡 Hint: Adjust the interest rate accordingly as it compounds monthly.
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