Question: FV = $3,500 x (((1 + 0.09/12)^(12 x 25) - 1) / (0.09/12))FV = $3,500 x (((1.0075)^300 - 1) / (0.0075))FV = $3,500 x (766.8172)FV
FV = $3,500 x (((1 + 0.09/12)^(12 x 25) - 1) / (0.09/12))FV = $3,500 x (((1.0075)^300 - 1) / (0.0075))FV = $3,500 x (766.8172)FV = $2,684,860.20is the math correct 2 answers
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
