Questions: Future Value or Compound Amount of 1.00

Future Value or Compound Amount of 1.00
Transcript text: Future Value or Compound Amount of $\$ 1.00$
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Solution

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It seems like the question is asking about the future value or compound amount of $1.00. However, without additional context or specific details such as the interest rate, the number of compounding periods, or the time duration, it's not possible to calculate the future value accurately.

To calculate the future value of $1.00, you would typically use the formula for compound interest:

\[ FV = PV \times (1 + r)^n \]

Where:

  • \( FV \) is the future value.
  • \( PV \) is the present value, which is $1.00 in this case.
  • \( r \) is the interest rate per period.
  • \( n \) is the number of compounding periods.

If you provide the interest rate and the number of periods, I can help calculate the future value.

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