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helppppp math helppp!

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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?

  • helppppp math helppp! -

    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

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  • helppppp math helppp! -

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