FV=1000(1+0.02)12

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Solution for FV=1000(1+0.02)12 equation: 


Simplifying
FV = 1000(1 + 0.02) * 12

Combine like terms: 1 + 0.02 = 1.02
FV = 1000(1.02) * 12

Multiply 1000 * 1.02
FV = 1020 * 12

Multiply 1020 * 12
FV = 12240

Solving
FV = 12240

Solving for variable 'F'.

Move all terms containing F to the left, all other terms to the right.

Divide each side by 'V'.
F = 12240V-1

Simplifying
F = 12240V-1

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