Question 581412
FV=(P((1+i)^n-1))/(i)(1-i)
FV=(1500((1.05)^15-1)/(0.05)(0.95)
FV=(1500((2.079)-1)/(0.05)(0.95)
FV=1500*1.079)/(0.05)(0.95)
FV=1618.50/0.05(0.95)
FV=32370(0.95)
FV=$30,751.50