FV Calculation problem

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bao - 31 Oct 2006 05:05 GMT

Annual Controbution $3000 Rate of Return 3% Years of contribution 5 Years.
How do i calculate the amount saved

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JMB - 31 Oct 2006 05:19 GMT

If contributions are made at the beginning of the period
=FV(3%,5,-3000,,1)
at the end of the period
=FV(3%,5,-3000)

Both scenarios assume the present value is 0 and the contributions are made
once a year.

> Annual Controbution $3000 Rate of Return 3% Years of contribution 5 Years.
> How do i calculate the amount saved

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