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Math problem!! Help?

your son will be attending an expensive university in 12 years you deposit $5000 per year for 12 years beginning today how much money will be in the college fund 12 years from now if the fund earns 8% per year

3 Answers

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  • fcas80
    Lv 7
    2 months ago

    Future value FV = P * ( (1+i)^n - 1 ) / i

    5000 * (1.08^12 - 1)/.08 = 94885.63

  • Anonymous
    2 months ago

    move to homework help. damn cheater

  • Lisa A
    Lv 7
    2 months ago

    None. Because your fake broker promising you 8% will have absconded with all of your money.

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