FV Calculation problem

  • Thread starter Thread starter Guest
  • Start date Start date
G

Guest

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