# Answer to Question #5862 in Finance for brian

Question #5862

I've been working on a formula for a 401k program for hours and it doesn't really make sense to me. http://www.bankrate.com/calculators/...alculator.aspx the closest thing that i came up with is FV=PV*(((1+i)^years)-1/i) or 6000*((((1+.08))^35)-1/.8 6000 is added for the first year idk how to get 1000 that was previously in there to be added in also. I need the equation to work as the variables change as i substitute them in is this possible?

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