Current location - Trademark Inquiry Complete Network - Tian Tian Fund - Xiaoming invests in 700 yuan Monetary Fund every month. Assuming an average annual income of 13%, how much money will Xiaoming get after three years?
Xiaoming invests in 700 yuan Monetary Fund every month. Assuming an average annual income of 13%, how much money will Xiaoming get after three years?
700 per month, 8400 per year
8400 * end of the first year (1+ 13%)
At the end of the second year, 8400 * (1+13%) 2+8400 * (1+13%).
At the end of the third year, 8400 * (1+13%) 3+8400 * (1+13%) 2+8400 * (1+13%).