SOLUTION: Find the future value (FV) of the annuity due. (Round your answer to the nearest cent.) $175 monthly payment, 6.25% interest, 12 years I have tried: 175(1+0.0625)^144-1/0.0625*

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Find the future value (FV) of the annuity due. (Round your answer to the nearest cent.) $175 monthly payment, 6.25% interest, 12 years I have tried: 175(1+0.0625)^144-1/0.0625*      Log On

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Question 318682: Find the future value (FV) of the annuity due. (Round your answer to the nearest cent.)
$175 monthly payment, 6.25% interest, 12 years
I have tried: 175(1+0.0625)^144-1/0.0625*(1+0.0625)
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
try with /1-0.0625 instead of what you are using.