3-13 Time Value of Money (applications) SThe Pv formula has many applications Given any variables in the equation, you can solve for the remaining variable Pp=F× (1+r) Irwin/McGraw-Hill CThe McGraw-Hill Commpanies, Inc, 2001©The McGraw-Hill Companies, Inc.,2001 3- 13 Irwin/McGraw-Hill The PV formula has many applications. Given any variables in the equation, you can solve for the remaining variable. PV FV r =  t + 1 (1 ) Time Value of Money (applications)