8: Additional Examples 115
Net Future Value
7KHQHWIXWXUHYDOXHFDQEHFDOFXODWHGE\XVLQJWKH790NH\VWRVOLGHWKH
QHWSUHVHQWYDOXH139IRUZDUGRQWKHFDVKIORZGLDJUDP
Example: Value of a Fund. <RXKDYHPDGHWKHIROORZLQJGHSRVLWVRYHU
WKHSDVWWZR\HDUVLQWRDPRQH\PDUNHWIXQGHDUQLQJ:KDWLVWKH
FXUUHQWEDODQFHRIWKHDFFRXQW"
6HWWR(QGPRGH3UHVV
*O
LIBEGINDQQXQFLDWRULVGLVSOD\HG
Keys: Display: Description:
*&
&OHDUVDOOUHJLVWHUV
*b
12.00
6HWVSD\PHQWVSHU\HDU
(,
CF0
–12,000.00
(QWHUVLQLWLDOFDVKIORZ
,
CF1
0.00
(QWHUVDPRXQWLQ
JURXS
*C
n1
2.00
(QWHUVQXPEHURI
WLPHVSD\PHQWRFFXUV
(,
CF2
–3,000.00
(QWHUVDPRXQWLQ
JURXS
*C
n2
3.00
(QWHUVQXPEHURI
WLPHVSD\PHQWRFFXUV
,*C
n3
9.00
(QWHUVQXPEHURI
WLPHVSD\PHQWRFFXUV
(,
CF4
–7,500.00
(QWHUVFDVKIORZJURXS
,*C
n5
3.00
(QWHUVQXPEHURI
WLPHVSD\PHQWRFFXUV
23 2421191715 16 18 20 2213 1411 12910756 83412
Current Date
-12,000
-3,000
-7,500
-2,000
I/YR = 8.8%
.book Page 115 Wednesday, June 21, 2000 5:19 PM