future value

  • Thread starter Thread starter Guest
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G

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
 
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