1 Answered Questions for the topic Which Formula Do I Need?

Which Formula Do I Need?

10/15/14

i want to invest $500 per month for 36 months at 3.25% interest. How much do i have total at the end of the 3 years?
I started like this: 500 x 12mos (1st yr) then x 3.25. Ans:$19,500 adding that answer to another 6,000 times another 3.25 and by the end of 3 yrs I got $288,843.75. That just cant be right. and... more
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