1 answer

What is the future value of $1,975 per year for 23 years at an interest rate...

Question:

What is the future value of $1,975 per year for 23 years at an interest rate of 6.21 percent? Multiple Choice $91,190.75 $91,
What is the future value of $1,975 per year for 23 years at an interest rate of 6.21 percent? Multiple Choice $91,190.75 $91,618.92 O 991682 $95,335.78 $92,048.34 $87.902.06

Answers

what is the future value

=1975*(((1+6.21%)^23-1)/6.21%)

=95335.78

the above is answer..

.

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