msteresalyn1 msteresalyn1

30-06-2017
Mathematics

contestada

Use the future value formula to find the indicated value. n=27; i=0.02; PMT=$65; FV=? FV=$(round to the nearest cent)

Respuesta :

mathmate mathmate

03-07-2017

Future value formula:
F=A((1+i)^n-1)/i
=65(1.02^27-1)/.02
=2297.38
=2297.38 (nearest cent)

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