SOLUTION: $1,000 is being compounded for 3 years, so your balance on January 1, 2007, is $1,259.71: FV to the lower n power = PV(1+i)^n = $1000(1+0.08)^3 = 1259.71 I need some help w

SOLUTION: $1,000 is being compounded for 3 years, so your balance on January 1, 2007, is $1,259.71: FV to the lower n power = PV(1+i)^n = $1000(1+0.08)^3 = 1259.71 I need some help w

Algebra.Com

Question 89310: $1,000 is being compounded for 3 years, so your balance on January 1, 2007, is $1,259.71:
FV to the lower n power = PV(1+i)^n = $1000(1+0.08)^3 = 1259.71

I need some help with this Please. Thanks.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
What you posted is true. What is your question?
Cheers,
Stan H.
RELATED QUESTIONS
rearrange the following equation for the indicated variable Pv=Fv(1+i)^-n solve... (answered by Fombitz)

Find the future value of an initial investment of $5,000 invested at 7% compounded... (answered by stanbon,mananth)

Having a bit of trouble with this one. The fact that the n is an exponent is making me... (answered by stanbon)

Twins graduate from college together and start their careers. Twin 1 invests $2500 at the (answered by greenestamps)

Hello, I've been trying to answer the following for a while now and could really use... (answered by Alan3354)

I cannot seem to figure the last part of this one out. The problem reads : You would... (answered by rajagopalan)

in finance, the future value of a single sum formula is useful when you want to know how... (answered by MathLover1)

Fvn = pv (1 + i)�n (answered by stanbon)

I have a problem where I need to solve the following: Martell Corporation's 2005 sales... (answered by longjonsilver)