SOLUTION: How do I write the function for 850 x3.5% increase each year?

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Question 821966: How do I write the function for 850 x3.5% increase each year?

Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
How do I write the function for 850 x3.5% increase each year?
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FV = future value
PV = present value = 850
3.5% = 0.035
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FV = PV*(1 = 0.035)^t, t = # of years
FV = PV*1.035^t