How to calculate this? What is the future value of $1966 that you have today, in 14 years, assuming a discount rate of 4.2% and quarterly compounding?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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What is the future value of $1966 that you have today, in 14 years, assuming a discount rate of 4.2% and quarterly compounding?

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