Question
FVAt = PMT((1+(r/12)^t(12))-1)/(r/12) PVA = PMT((1-(1+(r/12))^-t(12)))/(r/12) 4) You want to retire in 10 years and you can afford to put $4,622.01 MONTHLY in to an
FVAt = PMT((1+(r/12)^t(12))-1)/(r/12)
PVA = PMT((1-(1+(r/12))^-t(12)))/(r/12)
4) You want to retire in 10 years and you can afford to put $4,622.01 MONTHLY in to an investment account for 10 years and you can get 7% from the investment account, How much money will you have in the account after the 10 year period?
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. FinklerDaniel L. Smith, Thad D. Calabrese
6th Edition
978-1506396811, 150639681X
