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If I invest $960 per year for 30 years at 6% yield, what will be the total?

 Jun 4, 2015

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 #1
avatar+118613 
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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  

 Jun 5, 2015
 #1
avatar+118613 
+5
Best Answer

 

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  

Melody Jun 5, 2015

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