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3 years ago

15

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:

Lemur [1.5K]3 years ago

7 0

Future value formula:
FV=PMT((1+i)^n-1)/(i)
=>
F=65*(1.02^27-1)/.02
=2297.38

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