+0  
 
0
78
3
avatar

30,627.78 (1+0.7/12)^12*30

Guest Apr 19, 2017
Sort: 

3+0 Answers

 #1
avatar+392 
0

1814289.02109

Neptune  Apr 20, 2017
 #2
avatar
0

You are trying to calculate the Future Value of $30,627.78. But notice that the interest rate is 70%, the way you have it written!! I think that it is more likely that you meant 7%. So, I will calculate it at 7% as follows: $30,627.78 (1+0.07/12)^12*30

 

FV =$30,627.78(1 + 0.0058333...)^360

FV =$30,627.78 x        8.116497475.....

FV =$248,590.30

Guest Apr 20, 2017
 #3
avatar
0

1814289.0210867465091631

Guest Apr 20, 2017

14 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