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# help

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14358(1+4%) to the power of 1 over 12

Guest Aug 7, 2017
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### 2+0 Answers

#1
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14358(1+4%) to the power of 1 over 12 is:

$$\left(14358\left(1+0.04\right)\right)^{\frac{1}{12}}$$

Answer $$≈2.22763$$

Jeffes02  Aug 7, 2017
#2
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Maybe this is what you had in mind:

14,358[1 + 0.04/12]^12 =$14,942.97 - This is FV of$14,358 @ 4% comp. monthly for 12 months.

Or maybe this:

14,358[1 + 0.04]^12 =$22,987.62 - This is the FV of$14,358 @ 4% comp.annually for 12 years.

Take your pick!!!.

Guest Aug 7, 2017

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