nathan26199
New member
- Joined
- Jul 18, 2012
- Messages
- 3
hey there, iv looked around the forums but no questions are the same im stuck with
my first post haha .
i tried to do it, substituted different numbers but i cant seem to get it right, well the text book answer anyway.
i was using A=(m(1+r)^n-1)/r
everyone in class seems to be having problems with this so hopefully i get the edge by posting here ;D
Calculate the future value if $300 Is invested monthly at 6% p.a., paid quarterly for 5 years.
correct answer is $20915.01
thank you all!
my first post haha .
i tried to do it, substituted different numbers but i cant seem to get it right, well the text book answer anyway.
i was using A=(m(1+r)^n-1)/r
everyone in class seems to be having problems with this so hopefully i get the edge by posting here ;D
Calculate the future value if $300 Is invested monthly at 6% p.a., paid quarterly for 5 years.
correct answer is $20915.01
thank you all!