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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)

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)

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User Inser
by
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1 Answer

5 votes
Future value formula:
FV=PMT((1+i)^n-1)/(i)
=>
F=65*(1.02^27-1)/.02
=2297.38
answered
User Dnv
by
8.5k points
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