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What is the future value of $20 a week for 10 years at 6 percent interest? assume the first payment occurs at the end of this week?

What is the future value of $20 a week for 10 years at 6 percent interest? assume the first payment occurs at the end of this week?
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4 votes
What is the future value of $20 a week for 10 years at 6 percent interest? assume the first payment occurs at the end of this week?

asked
User Izolate
by
7.4k points

1 Answer

3 votes
$20/wk x 52wk/yr x 10yr
52 wk x 10yr=520 wks
520x20=10,400x 0.06% interest=624
10,400+624=
$11,024

answered
User Tom Wayson
by
8.5k points
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