document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1071043>Question 1071043</A>: <I><SPAN STYLE=\"word-break: break-all;\"> PLEASE HELP ASAP! <BR>\n" );
document.write( "Find the amount accumulated FV in the sinking fund. Round your answer to the nearest cent.<BR>\n" );
document.write( "$350 is deposited monthly for 15 years at 6% per year <BR>\n" );
document.write( "FV= ?  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #685980 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=685980\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> if you deposit the money at the end of the month, then you need this formula.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "FUTURE VALUE OF AN ANNUITY WITH END OF TIME PERIOD PAYMENTS\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "if you deposit the money at the beginning of the month, then you need this formula.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "FUTURE VALUE OF AN ANNUITY WITH BEGINNING OF TIME PERIOD PAYMENTS\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "both these formulas are found in the following link.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<a  rel=nofollow HREF= \"https://www.algebra.com/algebra/homework/Finance/THEO-2016-04-29.lesson#formulas\" taret = \"_blank\">https://www.algebra.com/algebra/homework/Finance/THEO-2016-04-29.lesson#formulas</a>\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "you can do it manually or you can use the following onlikne calcujlator that will do it for you.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "<a  rel=nofollow HREF= \"http://arachnoid.com/finance/index.html\" target = \"_blank\">http://arachnoid.com/finance/index.html</a>\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "i used the online calculator.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "i did end of time period first and then beginning of time period.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "following are the results.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "first is end of month payments.<BR>\n" );
document.write( "fv = 101786.55<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2017/030201.jpg\" alt=\"$$$\" </>\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "second is beginning of month payments.<BR>\n" );
document.write( "fv = 102295.48<BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" src = \"http://theo.x10hosting.com/2017/030202.jpg\" alt=\"$$$\" </>\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "you enter payment of 350.<BR>\n" );
document.write( "you enter pv = 0 and fv = 0<BR>\n" );
document.write( "you enter number of time periods = 15 * 12 = 180.<BR>\n" );
document.write( "you enter interest rate percent = 6/12 = .5<BR>\n" );
document.write( "you select payment at beginning or end of time period.<BR>\n" );
document.write( "you click on fv.<BR>\n" );
document.write( "you get your answer.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );