Posted by **math HELP!! please** on Sunday, June 1, 2014 at 11:34pm.

the fernrod motorcycle company invested 250,000 at 4.5% compounded monthly to be used for the expansion of their manufacturing facilities. how much money will be aviable for the project 3.5 years?

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**MathMate**, Monday, June 2, 2014 at 7:12am
Future value, F

Interest, i = 0.045

compounding frequency, f = 12

Time, t = 3.5 years

Let

P = present value, = 250000

then use the compound interest formula

F=P(1+i/f)^{ft}

- math -
**sugar**, Thursday, June 12, 2014 at 6:38pm
CGI

- helppppp math helppp! -
**Ashley**, Thursday, November 20, 2014 at 8:01pm
292,559

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