# $510 a year for 8 years compounded annually at 11 percent ?

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- SumDudeLv 72 months ago
Dear goofle ... why, oh why, have you forsaken me ?? {about $1,000 before the tax on the interest.}

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- nbsaleLv 62 months ago
Do you want present value or future value?

Are payments at the BOY or EOY?

All the possible answers are riffs on the formula for the sum of a geometric series, where the common ratio is (1+i) for future values, and 1/(1+i) for present values.

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- fcas80Lv 72 months ago
510 * ( (1 + .11)^8 -1) / .11 = 6048.31

- nbsaleLv 62 months agoReport
Hey, FCAS80, how have you been? FSA80 (AKA Freond) here.

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