If I invest $960 per year for 30 years at 6% yield, what will be the total?
If I invest $960 per year for 30 years at 6% yield, what will be the total?
$${\frac{{\mathtt{960}}{\mathtt{\,\times\,}}\left(\left({{\mathtt{1.06}}}^{{\mathtt{30}}}\right){\mathtt{\,-\,}}{\mathtt{1}}\right)}{{\mathtt{0.06}}}} = {\mathtt{75\,895.858\: \!766\: \!612\: \!001\: \!860\: \!2}}$$
$75 895 approx
If I invest $960 per year for 30 years at 6% yield, what will be the total?
$${\frac{{\mathtt{960}}{\mathtt{\,\times\,}}\left(\left({{\mathtt{1.06}}}^{{\mathtt{30}}}\right){\mathtt{\,-\,}}{\mathtt{1}}\right)}{{\mathtt{0.06}}}} = {\mathtt{75\,895.858\: \!766\: \!612\: \!001\: \!860\: \!2}}$$
$75 895 approx