CFA Level 1: Future Value Calculation

Future Value Calculation

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Question

How much will $3,250 become after 6 years at 8% per year, compounded annually?

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Explanations

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A. B. C. D. E.

D

On the BAII Plus, press 6 N, 8 I/Y, 3250 PV, 0 PMT, CPT FV. On the HP12C, press 6 n, 8 i, 3250 PV, 0 PMT, FV. Note that the answer will be displayed as a negative number. Make sure the BAII Plus has the P/Y value set to 1.