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The Numbers 21 and 34 Are Consecutive Fibonacci Numbers

question 91

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The numbers 21 and 34 are consecutive Fibonacci numbers. What is the next Fibonacci number in the sequence?


Definitions:

Compound Interest

This refers to the calculation of interest on both the initial amount deposited or borrowed as well as on the interest that has already been accumulated over previous periods.

Desired Rate of Return

The minimum percentage of gain or profit expected by an investor from an investment.

Compound Interest

Interest earning mechanism in which the calculation includes interest on the original principal and on all previously earned interest of a loan or deposit.

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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