percent increasing

Question

0

636

3

How do i calculate 7718 increasing by 7,17 %, monthly in 19 months. Without calculating it month by month 19 times.

Guest Mar 27, 2016

Solveit · Answer 1 · 2016-03-27T04:29:02

$7718\times 1.0717^x=y\\ x-number\;\ of\;\ month \\$

$7718\times 1.0717^{19}=28767.1$

.

Guest · Answer 2 · 2016-03-27T04:41:08

How do i calculate 7718 increasing by 7,17 %, monthly in 19 months. Without calculating it month by month 19 times.

FV=PV[1 + R]^N

FV=7,718[1 + .0717/12]^19

FV=7,718[1 +.005975]^19

FV=7,718[1.005975]^19

FV=7,718[1.119841535]

FV=8,642.94