Question
ind the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.)
$955 at 5.5% compounded quarterly for 3 years
$955 at 5.5% compounded quarterly for 3 years
Answers
Reiny
i = .055/3 = .018333...
what is 955(1.018333..)^12 ?
what is 955(1.018333..)^12 ?
Kb
Where did you get the 1.018333?