n = 35 yrs PV = 50,000 PMT = 15,000 I = 8% FV in 35...

n = 35 yrs

PV = 50,000

PMT = 15,000

I = 8%

FV in 35 years = ?

FV if I is 3% = ?

Expert Solution

a)

Hence, Future value in 35 years was $3,324,019.27

b)

Hence, Future value in 35 years was $1,047,624.35

jeff jeffy answered 2 days ago

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Question

n = 35 yrs PV = 50,000 PMT = 15,000 I = 8% FV in 35...

Solutions

Expert Solution

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