I need help with a business and finance assignment

label Business & Finance
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If you put $850 in an investment fund at the end of each year for the next 15 years at a 6.35% interest rate, how much would you have after the 15 year period.

Nov 27th, 2015

Thank you for the opportunity to help you with your question!

F.V=A(1-(1+r)^-1/r)

=850(1-(1+6.35%)^-15/6.35%)

=$8,069.85

Please let me know if you need any clarification. I'm always happy to answer your questions.
Nov 27th, 2015

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