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(((((((((((((((558000*.03782+558000).03782+558000).03782+558000).03782+558000).03782+558000).03782+558000).03782+558000).03782+558000).03782+558000).03782+558000).03782+558000).03782+558000).03782+558000).03782+558000).03782+558000)

Guest Mar 12, 2017
 #1
avatar+2765 
0

Simplify the expression, and you'll get 579933.06865659

tertre  Mar 12, 2017
 #2
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Why in the world would you write it like that!!!???. It appears that you trying to find the Future Value of $558,000 @ 3.782% for 15 terms(years)?. If I'm reading it right, don't you know that there is a shortcut to this?? The formula is very common and simple:

FV = PV x [1 + R]^N

FV = 558,000 x [1 + 0.03782]^15

FV = 558,000 x 1.745141....

FV = $973,788.71

P.S. This formula compounds your $558,000 @ 3.782% for 15 years.

Guest Mar 12, 2017

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