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Sean M.

asked • 10/21/20

Use technology and the future value formula to find i.

Use technology and the future value formula to find i.

FV=​$6,167​;

PMT=​$700​;

n=7​;

i=​?

i = ________



1 Expert Answer

By:

Sean M.

correct answer was 0.08
Report

10/21/20

Brenda D.

tutor
Sean are we using the same formula? Does .08 when used as i in the FV formula give 6167. Does 700(1 + .08)^7 = 6167? I will look into the Technology too and get back to you. Please get back to me as well.
Report

10/21/20

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