Inactive Tutor answered 12/14/20
Tutor
New to Wyzant
FV = PMT[(1 + i)n - 1]/i = 92(1.0450 - 1)/0.04 = $14045.37
Jerry N.
asked 12/14/20Use the future value formula to find the indicated value.
n=50;
i=0.04;
PMT=$92;
FV=?
FV=$____________
(Round to the nearest cent.)
Inactive Tutor answered 12/14/20
FV = PMT[(1 + i)n - 1]/i = 92(1.0450 - 1)/0.04 = $14045.37
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