Answer to Question #276754 in Financial Math for Guss

Question #276754

How much will deposits of $35 made at the end of each month amount to after 10 years if interest is 6% compounded semi-annually?

Expert's answer

"FV=pmt.\\frac{(1+i)^n-1}{i}"

"=35*\\frac{(1+\\frac{0.06}{6})^{10*12}-1}{\\frac{0.06}{6}}"

=$8051.354

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