future value

[Guest]

I am getting a negative return on my answer. The question was,

I have a PV now of £10,500.00

Leaving in as an investment for 15 years

Interest rate per anum 5%

I get a return FV of minus £21,829.00 ???? Shouldnt this be Plus?

Formula I used was =FV(5%/1,15,,10500) Is this correct

regards

Steve

 

[Guest]

your 10,500 should be -10,500 (a negative amt)