At the beginnig of each year for 14 years, Sherry invested 400.00 that earns 10% annually. What is

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account_balance_wallet $5

At the beginnig of each year for 14 years, Sherry invested 400.00 that earns 10% annually.  What is the future value of Sherry's account in 14 years?

May 29th, 2015

f.v=c*[(1+i)^n-1]/i

f.v=400*(2.8)/.10

f.v=400*28

f.v=11200.......................................

May 29th, 2015

At the beginnig of each year for 14 years, Sherry invested 400.00 that earns 10% annually.  What is the future value of Sherry's account in 14 years?

May 29th, 2015

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May 29th, 2015
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May 29th, 2015
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