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

Guest Apr 19, 2017
 #1
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1814289.02109

Neptune  Apr 20, 2017
 #2
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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
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0

1814289.0210867465091631

Guest Apr 20, 2017

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