Question 1110615: Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest ten dollars.)
$200 deposited monthly for 15 years at 5% per year
*Btw, what I really want is for someone to provide a link to an online calculator. I want to be able to solve this on my own without having to constantly ask others*
Answer by Boreal(15235)   (Show Source):
You can put this solution on YOUR website! It is 200(1-(1+(.05/12)^-180) (the months in 15 years)divided by r/n or (.05/12)
This is $25,291.05 rounding at the end. Do the parentheses calculation, raise it to the -180 power, subtract it from 1, multiply by 200 and divide by (r/n)
The site requests we don't provide links, but one can google plenty of online calculators.
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