Our Explanation of Future Value of a Single Amount will show you the power of compounded interest on a single deposit. You will see how the future value tables can be useful as well as the rule of 72.
This 20-question quiz is a fast way to assess your understanding of the Future Value of a Single Amount Explanation.
We've answered 2 popular questions related to the topic Future Value of a Single Amount. Review them all or use the search box found at the top of each page of our website for your specific questions.
Our Managerial and Cost Accounting Study Guide contains highlights for 30 different topics. This is a helpful, relevant, and easy-to-read study resource as it reflects the AccountingCoach's many years of teaching and business consulting.
Our Future Value of a Single Amount Cheat Sheet illustrates how a single deposit will grow when interest is compounded. The future amount is also calculated by using the rule of 72.
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For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.
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