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Find the range for the given sample data.
-The owner of a small manufacturing plant employs six people. As part of their personnel file, she asked each employee to record the distance they travel one way from home to work. The six distances (in miles) are listed below:
Present Value
The today's value of a sum of money expected in the future or successive cash flows, considering a determined rate of return.
Compound Interest
Compound interest is the interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.
Future Value
An estimated future value of a present asset, projected by applying an anticipated growth rate over time.
Present Value
Present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.
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