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# TOPIC: Future Value Question

## Future Value Question 7 years 4 weeks ago #8817

 Kristin Guthenberg Topic Author Visitor Your friend Joe is planning to retire 20 years from today. He is investing \$200,000 in a longterm investment at 3.5%. How much will this money be worth in 20 years? FV= PV*(1 +r) ^n \$397,597 = \$200,000 * (1+0.035) ^ 20 How do you calculate the 20th power/ exponent? Your e-mail address will never be displayed on the site. Check this box to be notified of replies to this topic. Note: BBcode and smileys are still usable.

## Future Value Question 7 years 4 weeks ago #8818

 Rahul Kakkar Offline Gold Boarder Posts: 161 Karma: 9 Thank you received: 56 Hi Kristin, If I remember correctly, the online Windows calculator they provide also has the capabilities for scientific functions. If my thinking is correct, you can find the value of exponents on the Windows Calculator by going to Scientific Mode. Simply open up the calculator in desktop mode, then go to View, and click on Scientific. Once in Scientific mode, you'll see a different layout than the Standard mode. Look for the button that says x^y. Hope this helps. Rahul Kakkar, PMP, MBA Community Moderator How are we doing? Your opinion matters. To help us improve, please check out our survey at www.surveymonkey.com/s/pmpexamforum The following user(s) said Thank You: KBG Your e-mail address will never be displayed on the site. Check this box to be notified of replies to this topic. Note: BBcode and smileys are still usable.

## Future Value Question 7 years 4 weeks ago #8821

 Cornelius Fichtner Offline Administrator President, OSP International LLC Posts: 1974 Karma: 117 Thank you received: 598 Kristin, I decided to record a short video and show you. Here you go: Click here if you cannot see the video above Until Next Time, Cornelius Fichtner, PMP, CSM President, OSP International LLC The following user(s) said Thank You: Mark Wuenscher, PMP, KBG Your e-mail address will never be displayed on the site. Check this box to be notified of replies to this topic. Note: BBcode and smileys are still usable. Last edit: by Cornelius Fichtner.

## Future Value Question 7 years 3 weeks ago #8823

 KBG Offline Fresh Boarder Posts: 15 Karma: 1 Thank you received: 4 Hi Cornelius, The short vid was extremely helpful. I was trying to figure out how to calculate "to the power" w/out a calculator. Thank you Rahul as well as you explained the answer to my understanding. Kristin Your e-mail address will never be displayed on the site. Check this box to be notified of replies to this topic. Note: BBcode and smileys are still usable.

## Future Value Question 7 years 3 weeks ago #8829

 Bonnie Offline Junior Boarder Posts: 29 Thank you received: 6 Can anyone confirm that the Prometric computer calculator has scientific functions? Your e-mail address will never be displayed on the site. Check this box to be notified of replies to this topic. Note: BBcode and smileys are still usable.

## Future Value Question 7 years 3 weeks ago #8867

 KBG Offline Fresh Boarder Posts: 15 Karma: 1 Thank you received: 4 Bonnie, That's a great question! Can anyone confirm prometric calculators will provide a scientific calculation mode? Your e-mail address will never be displayed on the site. Check this box to be notified of replies to this topic. Note: BBcode and smileys are still usable.

## Future Value Question 7 years 3 weeks ago #8871

 Lazard Toe, ITBMC, MPM, CIPM, PMP, ITIL Offline Senior Boarder Posts: 72 Karma: 3 Thank you received: 14 Hello, I don't really think so. I am wondering why you need a scientific calculator? You will be given a small and physical calculator as well. Please go with the assumption that only the simple calculator will be available. Best regards Your e-mail address will never be displayed on the site. Check this box to be notified of replies to this topic. Note: BBcode and smileys are still usable.

## Future Value Question 7 years 3 weeks ago #8872

 KBG Offline Fresh Boarder Posts: 15 Karma: 1 Thank you received: 4 Based on previous discussion responses, the only way to calculate an exponent/ to the power for FV or PV is in scientific mode on a calculator. Can you advise how to do this in standard mode on a calculator. Thank you. Your e-mail address will never be displayed on the site. Check this box to be notified of replies to this topic. Note: BBcode and smileys are still usable.

## Future Value Question 7 years 3 weeks ago #8883

 Mark Wuenscher, PMP Offline Platinum Boarder Posts: 368 Karma: 1 Thank you received: 64 Kristin, If you really want to be sure what will actually be available for the test you should plan to visit the Prometric test center and ask them what is available. They should be able to show you the online calculator that will be used. Also, if you want a hand held calculator as well you need to specifically ask them to give you one. They will not freely offer it to you unless you ask. Mark Mark Wuenscher, PMP Community Moderator Your e-mail address will never be displayed on the site. Check this box to be notified of replies to this topic. Note: BBcode and smileys are still usable.

## Future Value Question 7 years 3 weeks ago #8885

 Mark Wuenscher, PMP Offline Platinum Boarder Posts: 368 Karma: 1 Thank you received: 64 Kristin, Worst case scenario is that you can just take the resultant in the parentheses and multiply it by itself 20 times, in the case of your example. 1.035 to the 20th power is just 1.035 multiplied by itself 20 times. Not pretty but it would work. Not saying that it will not happen to you but I did not get any of these types of questions on my exam. Of course, you should plan for the possibility. I just wouldn't get too concerned about it. The majority of the questions are situational. I only had 6 or 7 questions on my entire exam requiring any calculation. Maybe I was just lucky. Good luck to you. Mark Mark Wuenscher, PMP Community Moderator Your e-mail address will never be displayed on the site. Check this box to be notified of replies to this topic. Note: BBcode and smileys are still usable.

## Future Value Question 7 years 3 weeks ago #8888

 KBG Offline Fresh Boarder Posts: 15 Karma: 1 Thank you received: 4 Mark, your a genius! It worked! \$397,957. I understand it was a difficult formula, but you never know! And I don't want to rule anything out. Thank you for your help Kristin The following user(s) said Thank You: Mark Wuenscher, PMP Your e-mail address will never be displayed on the site. Check this box to be notified of replies to this topic. Note: BBcode and smileys are still usable.

## Future Value Question 7 years 3 weeks ago #8897

 Mark Wuenscher, PMP Offline Platinum Boarder Posts: 368 Karma: 1 Thank you received: 64 Kristin, You are so kind. I am certainly no genius but I am very happy I was able to help. All the best to you in your exam studying and preparations. Be confident that you will pass! Mark Mark Wuenscher, PMP Community Moderator The following user(s) said Thank You: KBG Your e-mail address will never be displayed on the site. Check this box to be notified of replies to this topic. Note: BBcode and smileys are still usable.
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