@jim_thompson5910 Are you experienced in economics? I ask because my textbook gives a formula in the form of F = P(F/P,i,N).
F is future worth
P is present worth
i is interest rate
and N is the number periods
I don't understand what P(F/P,i,N) means.

Question

@jim_thompson5910 Are you experienced in economics? I ask because my textbook gives a formula in the form of F = P(F/P,i,N).
F is future worth
P is present worth
i is interest rate
and N is the number periods
I don't understand what P(F/P,i,N) means.

jim_thompson5910 · Answer

what else does it say about  F = P(F/P,i,N).

anonymous · Answer

Oops, never mind. I figured it out. Sorry about that.

jim_thompson5910 · Answer

you're sure?

anonymous · Answer

Yeah I got it, thanks for checking it out though.

jim_thompson5910 · Answer

no problem