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August 30, 2014

August 30, 2014

Posted by **A** on Monday, December 3, 2012 at 6:39pm.

- College Algebra -
**A**, Monday, December 3, 2012 at 6:44pmHere is what I did so far:

FV = P(1 + r/n)^(t*n)

FV = 200,000 (1 + 0.008/8760)^(147*8760)

FV = 200,000

Can you please tell me if I'm on the right track? I don't understand why I am getting the same number that I started with. Unless that is the correct answer?

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