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Use the future value formula to find the indicated value. FV=7,000; i=0.03; PMT= $800; N=? N=_______ ( ROUND UP TO THE NEAREST INTEGER AS NEEDED)
Use the future value formula to find the indicated value.
FV=7,000; i=0.03; PMT= $800; N=?
N=_______
( ROUND UP TO THE NEAREST INTEGER AS NEEDED)
5.)Recently, More Money 4U offered an annuity that pays 5.1%compounded monthly.IF 2,448 is deposited into this annuity everymonth, how much is in the account after 5 years? How much of this isinterest?
Type the amount in theaccount: $________
Round to the nearest dollar
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