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15000*1.35^8

 Oct 5, 2016
 #1
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used this website

 

http://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

 

based on your words

 

answer is $16,698.65 

 Oct 5, 2016
 #2
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15000*1.35^8 = 165486.1 correct to 7 significant digits.

 Oct 5, 2016
 #3
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FV=15,000 x 1.35^8

FV=15,000 x 11.032404

FV=$165,486.06

 Oct 5, 2016

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