msteresalyn1 msteresalyn1

01-07-2017
Mathematics

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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)

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mathmate mathmate

01-07-2017

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

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