169. What is the future value at the end of year 13 of an investment that...
169. What is the future value at the end of year 13 of an investment that starts at $6,000 and grows by 7% per year for 13 years ($6,000 is invested at the end of year 1). The interest rate is 10% annual compounded annually.
Homework Answers
What is the future value at the end of year 13 of an investment
=6000*((1+10%)^13-(1+7%)^13)/(10%-7%)
=208485.24
the above is answer..
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