This question was created from MGMT 640 Midterm Exam Part 1.pdf https://www.coursehero.com/file/26184253/MGMT-640-Midterm-Exam-Part-1pdf/
Greetings, Here is the formula I used. FV = PV (1+ i)^20 FV = 275,000(1 + 0.08)^20 FV = 1,281,763.21 My FV is not the same answer that is listed on the test. Please show me what I am doing wrong. Please utilize the actual numbers to show me the steps.
You did everything right. I am explaining why its right... View the full answer