Question

See attachment for Q.

Answer 1

ok i know or at least i think the formula is \[FV=PMT \frac{ (1+i)^{n}-1 }{ i }\]

Answer 2

i know i have to do
n=12*7=84

Answer 3

I think i have to do \[\frac{ 6 }{ (12\times100) }=\frac{ 6 }{ 1200 }=\] but the answer keeps comeing out as \[5\times10^{-3}\]

Answer 4

@Chlorophyll

Answer 5

would \[\frac{ 6 }{ 1200 }=0.05\]?

Answer 6

Formula correct: FV
Monthly deposit PMY = $423
Monthly i = 6% = .06
Period ( in months) = 84 months

Answer 7

ok i got 934,583 as an answer. is that right?

Answer 8

No it says (Round to the nearest dollar)

Answer 9

Thx! 1 MORE Q!!

Answer 10

Cause i have u to help guide me!! :-D

Answer 11

I posted the other Q