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📚 Modeling, Functions, and Graphs
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4.7 Projects for Chapter 4

In Projects 7 and 8, we will prove the formulas in Exponential Models for the present and future values of an annuity.

The future value of $ M of money is its value in the future: its current value plus the interest it will accrue in the interval.

The present value of $ M of money is the amount you would need to deposit now so that it will grow to $ M in the future.

Modeling, Functions, and Graphs by Katherine Yoshiwara (yoshiwarabooks.org), GNU Free Documentation License 1.2 or later. Adapted for the XYZ HTML edition with the authors' permission (recorded 2026-07-04). License: GFDL-1.2-or-later.