How the fv will come 752.82?

Options & Futures
1

Course Name: Python for Trading: Basic, Section No: 3, Unit No: 2, Unit type: Quiz

formula for future value fv=p*(1+i)^n

p=500

i=6

n=7

so fv = 500*(1+6)^7

         =500*(7)^7

          500* 

2

Hi Sridhar,



The "i" is the interest rate. That means you need to take i = 0.06 and not 6 since the question mentions the rate as 6%.



Hope this helps!