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It depends on the period.

-- If the period is 1 year, the future value is 3.996 .

-- If the period is 6 months, the future value is 2.026 .

-- If the period is 3 months, the future value is 1.428 .

-- If the period is 2 months, the future value is 1.269 .

-- If the period is 1 month, the future value is 1.196 .

These are compounded values. If interest is simple, then the value

after 18 years is 2.44 .

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โˆ™ 2013-02-25 20:21:29
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Q: What is future value of 1 calculated at 8 percent in 18 periods?
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