how much would 7,000 be worth in 18 years at 5.1%
IF it is compounded ANNUALLY, then
fv=pv(1+i)^n fv=future value pv=present value (7000) i=interest in decimal form (.051) and n= number of periods (18)
fv=7000 (1 + .051)^18 = $ 17137.48
~jc
