|
Title: Payments of $845.00 are made into a fund at the beginning of every month for 5.25 years. If the fund ... Post by: ikrabbe on Nov 27, 2017 Payments of $845.00 are made into a fund at the beginning of every month for 5.25 years. If the fund earns interest at 8.4% compounded monthly, what will the balance in the fund be after 5.25 years?
Title: Re: Payments of $845.00 are made into a fund at the beginning of every month for 5.25 years. If the ... Post by: yacom on Nov 27, 2017 FV (due) = 845.00 (1.007)
= 845.00(78.8392388)(1.007) = $67085.49 |