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March 28, 2015

March 28, 2015

Posted by **John** on Wednesday, April 13, 2011 at 1:59pm.

Using the below values please calculate the amount accumulated (future value)

*Initial principal=$2000

*Interest Rate=9%

*Number of years 7

*Monthly compounding

- Math -
**Jennifer**, Wednesday, April 13, 2011 at 2:15pmThis seems like an economics question to me.. If you want to find the value for the future? You do $2000 x (1.09)^ 7 put this into your calculator exactly as I have it here to get your answer.

- Math -
**John**, Wednesday, April 13, 2011 at 2:33pmMore detils plese..

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