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Practicing future value calculations

The Board thinks it's a good idea to invest $250,000 of Spaero's cash reserves in the market rather than let it sit in a savings account. The CFO found a 10-year bond at 6.25% interest. They need you to determine how much the original investment will grow over those ten years.

The CFO is old-school and skeptical of Power BI's capabilities, so they want you to calculate Future Value by hand and compare it with the results from the FV() function in Power BI.

This exercise is part of the course

Financial Analysis in Power BI

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