SOLUTION: what is the resulting principal if $150 is contributed monthly to a fund @ 3% apr for 30 years. I am embarrassed; I was a math major. Thanks, Rog

SOLUTION: what is the resulting principal if $150 is contributed monthly to a fund @ 3% apr for 30 years. I am embarrassed; I was a math major. Thanks, Rog

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Question 384181: what is the resulting principal if $150 is contributed monthly to a fund @ 3% apr for 30 years. I am embarrassed; I was a math major.
Thanks, Rog
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=(P((1+i)^n-1)/i
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