Calculate future value, Finance Basics

Your grandparents put $1,000 into a saving account for you when you were born 30 years ago. This account has been earning interest at a compound rate of 7%. What is its value today?  


Amount Deposited every year


 mce_markernbsp;                        1,000.00


by grandparents



Period (Years)





Interest rate(Compounded annually)




Value after 30 years




Future value of $1000 stream of payment for 30  years earned at 7%


Posted Date: 7/23/2012 2:07:10 AM | Location : United States

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