Posted by **Bruce** on Monday, June 17, 2013 at 11:25pm.

12 years at 5% compounded annually what is the future value of $557?

- Math -
**MathMate**, Tuesday, June 18, 2013 at 6:57am
FV=PV*(1+i)^n

i=interest per period (year) expressed in fraction, =0.05 in this case.

n=number of periods (year), = 12 in this case

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