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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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Use the future value formula to find the indicated value. n=27​; i=0.02​; PMT=$65​; FV=? FV=$(round to the nearest cent)

User Inser
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1 Answer

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