4 years ago

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

1 answer:

8 0

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