+0  
 
0
109
2
avatar

(((((((((((((((558000*.03782+558000).03782+558000).03782+558000).03782+558000).03782+558000).03782+558000).03782+558000).03782+558000).03782+558000).03782+558000).03782+558000).03782+558000).03782+558000).03782+558000).03782+558000)

Guest Mar 12, 2017
Sort: 

2+0 Answers

 #1
avatar+1227 
0

Simplify the expression, and you'll get 579933.06865659

tertre  Mar 12, 2017
 #2
avatar
0

Why in the world would you write it like that!!!???. It appears that you trying to find the Future Value of $558,000 @ 3.782% for 15 terms(years)?. If I'm reading it right, don't you know that there is a shortcut to this?? The formula is very common and simple:

FV = PV x [1 + R]^N

FV = 558,000 x [1 + 0.03782]^15

FV = 558,000 x 1.745141....

FV = $973,788.71

P.S. This formula compounds your $558,000 @ 3.782% for 15 years.

Guest Mar 12, 2017

3 Online Users

We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.  See details