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 &  '()     !" #  $ %  
  
!" $     
 
   !, *+   !   
   +    &  $. 01  ) -. / 

 !53  "&   6 6
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.!53 )   6 6
    7 

    
 *+   ! 8*  5 $. !)")    5 )*& 7   
.'(   !  9-)* )

: 
< &  !/ )* =>  ! 15000  :;  
.  6   8*   5 
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:
 7)8 7   5 
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'() !"3 $ *+   !  BB
  -. 7 C* 6.   
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:$)3 *  8*   5
Fv = P ( 1 + i n ) = 15000 ( 1 + 11% 1 ) = 16650

16650 0)  ) -. / $)3 *  8*  "   '()
. * *  8*  5 
 5 !"3 /  (D) !
: * *  8*   5

Fv = P ( 1 + i n ) = 16650 ( 1 + 11% 1 ) = 18481.5

!" /) ! 18481.5 0)  * *  8*  "  E '()
.  *  8*  5 
* 
:  *  8*   5
Fv = P ( 1 + i n )
Fv = 18481.5 ( 1 + 11% 1 ) = 20514.465

.20514.465 0)  )* => 8*  5  0


   9-) 8* )  F B   5 
 B  B  .
*+   !  BB
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$. !)")  ) .  *+    
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:D )* => /    5 E G  ! $. I)5 )
Fv = 15000 ( 1 + 11% ) ( 1 + 11% ) ( 1 + 11% )
= 20514.465

: 0
Fv = 15000 ( 1 + 11% )3
= 20514.465

:)D     5 )*& E '()


Fv = P ( 1 + i )n

: 
)D    !/  (E *  ! 10000  /   
.    5 5) % 8; %0.8
:
0 8; !/ )D  !/  6. * D  6   ,
>  
 6  !)
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E 0)*  !/  (E .  )  
 *+   
 E 0 8;  !/  (.) )*  )   5  6 
.( D)  8;3 )   5  6
Fv = P ( 1 + i )n
= 10000 ( 1 + 0.8% )24
= 12107.452

$ :* 7  '( / 3 J5      /* :  
.'( F
:  ! " #" ! "
$ % &&'
% ** )   6 )  !/)  !"  /  5 

.    )*B *)  2 3 "*/  / "*/ 
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: 
5   (E %2.5 0)* J  !/) )* 3    $   
.    !" 5) ! 25000 )D  8*    


)*& 7  C
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!)")  5   3 )*B $. I)5   !-) .! (D  ) 
. -  !  )*B F" .  6 !)85 & $.

Fv = P ( 1 + i )n
Fv = 25000;
i = 2.5% ( quarterly );
n = 3 4 = 12 ( quarters ).
25000 = P ( 1 + 2.5% )12
P =

25000
= 18588.897 SR
( 1 + 2.5% )12

.! 18588.897 )D    !" E '()

: 
 6  8* /  5 * (E *  ! 10000  /   
.0 8;  !/ 5) ! 12000 )D

:

  3 )*B 7   ) 0 8;  !/ )D ! (D  )
D ! (D   ) (  6  #& 
)  ,
> 5 C* 6. .'(
. 8;3  6   / 5 C*E 0 8;  !/ 
7  ) )* 
Fv = 12000;
P = 10000;
n = 2 12 = 24 ( months );
i = ? ( monthly ).

:$ !"
*      3 )*B G)
12000 = 10000 ( 1 + i )24

:$ !"
*

1
# $.   J 7 10000 $    B)
24
1
( 1.2 )24

= ( 1 + i )24 24
1.0076257 = 1 + i

:0)  0 8;  !/ E '()


i = 0.0076257 = 0.76257% ( monthly )

: 

25000 )D 8 5. )   )D 8D  ) ! 17000  ;   


.%12 )D 0)*   !/ K %  '( GB
 +> *+  
 !

:
D    5 )  +> *+   / )D ! (D  )
)  )
  E '( 0)* !/ )D  !/  ,
> .! 25000
.)* 
Fv = 25000;
P = 17000;
i = 12% ( yearly );
n = ? ( years ).

:      3 )*B L)/)


Fv = P ( 1 + i )n
25000 = 17000 ( 1 + 12% )n

:  7 F) ( 7 17000 $    B)
25000 = 17000 ( 1 + 12% )n
log ( 1.4705882 ) = n log ( 1.12 )
0.167491 = 0.049218 n

:0)  )*  *+  E n !/ $    B)
n=

0.167491
= 3.403042 ( years )
0.049218

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