How do i calculate 7718 increasing by 7,17 %, monthly in 19 months. Without calculating it month by month 19 times.
\(7718\times 1.0717^x=y\\ x-number\;\ of\;\ month \\ \)
\(7718\times 1.0717^{19}=28767.1\)
FV=PV[1 + R]^N
FV=7,718[1 + .0717/12]^19
FV=7,718[1 +.005975]^19
FV=7,718[1.005975]^19
FV=7,718[1.119841535]
FV=8,642.94
hmm..
but it is increasing by 7,17 %, monthly
+2499 
