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22 August, 05:22

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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  1. 22 August, 07:29
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    Future value formula:

    F=A ((1+i) ^n-1) / i

    =65 (1.02^27-1) /.02

    =2297.38

    =2297.38 (nearest cent)
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