SOLUTION: Find the future value of $3000 comp monthly at 6% for 7 years? I answered 3000(1+.06/12)^84= $4561.11

SOLUTION: Find the future value of $3000 comp monthly at 6% for 7 years? I answered 3000(1+.06/12)^84= $4561.11

Algebra.Com

Question 205190: Find the future value of $3000 comp monthly at 6% for 7 years?
I answered 3000(1+.06/12)^84= $4561.11
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Find the future value of $3000 comp monthly at 6% for 7 years?
I answered 3000(1+.06/12)^84= $4561.11
------------
That looks good.
Cheers,
Stan H.
RELATED QUESTIONS
find the present value of $3000 comp monthly for 6% for 7 years. I answered... (answered by checkley77)

What is the present value of $3000 compounded montly at 6% for 7 years? I answered... (answered by stanbon)

Find the future/present value of $4000 compunded continuously at 8% for 6 years. A=... (answered by rfer)

if a certain firm invests $3000 at 5.75% annual interest compounded monthly. find the... (answered by Boreal)

Find the future value of $233.00 deposited at the end of the month for 4 years at 12%... (answered by unlockmath)

Find the loan's future value A, or the total amount due at time t. P = $3000, r = 6%, t... (answered by Theo)

1)find the value of an annuity with a periodic deposit of $3000 at the end of each year,... (answered by rfer)

Please help Calculate the accrued principal on 3000 invested at 12% per annum for... (answered by math_tutor2020)

a)find the value of an annuity with a periodic deposit of $3000 at the end of each year, (answered by rfer)