Question
What is the future value of $1,400 a year for 35 years at 6 percent interest? Assume annual compounding. Is there anyway to solve this
What is the future value of $1,400 a year for 35 years at 6 percent interest? Assume annual compounding.
Is there anyway to solve this using a finance calculator?
I'm plugging in N=35, I/Y=6 PMT-1400
My answer keeps coming back FV= $166,769.21
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Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
12th edition
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