Question: Can someone explain why my answer is wrong? PMT=2,400 1.75% COMPOUNDED MONTHLY FOR 6 YRS. FIND THE FUTURE VALUE OF THE ORDINARY ANNUITY. * ROUND

Can someone explain why my answer is wrong? PMT=2,400 1.75% COMPOUNDED

Can someone explain why my answer is wrong?

PMT=2,400 1.75% COMPOUNDED MONTHLY FOR 6 YRS. FIND THE FUTURE VALUE OF THE ORDINARY ANNUITY.

* ROUND TO NEAREST CENT PLEASE*

FIND THE FV FOR THE ORDINARY ANNUITY IS? with THE GIVEN PAYMENT & INTEREST RATE * Find the Future Value FV= ? Compounded FV = P(1+r) not monthly t = e(yrs) FV: ? U: E: S: S: P: 2.400 n=(12 r=1.75 1. Fu= ? F = P(1 + rin) FV = 2,400 (1 + 175//2; 12.6 13,33.56 = 13339,56103259 182,058.22 13, 339.56 MY ANSWER THE SCHOOLS How

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