SOLUTION: Use the future value formula to find the indicated value. n=20 ​ i=0.05 ​ PMT=$ 80 ​ FV equals??????

Algebra ->  Finance -> SOLUTION: Use the future value formula to find the indicated value. n=20 ​ i=0.05 ​ PMT=$ 80 ​ FV equals??????      Log On


   

Question 1068995: Use the future value formula to find the indicated value.
n=20
​
i=0.05
​
PMT=$ 80
​
FV equals??????
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
FV=PV(1.03)^n
=80(1.05)^20=$212.26