for the next 12 years you decide to For the next 12 years yo
for the next 12 years you decide to
For the next 12 years, you decide to place $2,818 in equal year-end deposits into a savings account earning 7.79 percent per year. How much money will be in the account at the end of that time period? Round the answer to two decimal places. Solution
Computing future value using Financial calculator PMT -2818 N= 12 PV= 0 I/Y 7.79% Press CPT and FV FV= $52,816.23 2nd way Annual Payment FV Annuity Future value 2818 18.74250 52816.37