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Using the provided data, solve for future value. When entering (1+I/Y) into the formula, be sure to solve for (1+I/Y) and then enter the
Using the provided data, solve for future value. When entering (1+I/Y) into the formula, be sure to solve for (1+I/Y) and then enter the result rounded to two decimal places. When calculating ((((1+I/Y)^N)-1)/I/Y), round your answer to four decimal places. Enter FV rounded to the nearest dollar. FV: Payment: Annual Interest Rate: I/Y: Deferral period: Payment period: Compounded (Y): Facts Formula Method FV = PMT X ((((1+1/Y) = X(( = = X $227,000 18% 18% 6 years 10 years Annually ^N) -1)/ I/Y) -1)/
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