SOLUTION: Use the future value formula to find the indicated value.
n=20
​
i=0.05
​
PMT=$ 80
​
FV equals??????
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Question 1068995: Use the future value formula to find the indicated value.
n=20
i=0.05
PMT=$ 80
FV equals??????
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
FV=PV(1.03)^n
=80(1.05)^20=$212.26
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