See responses to your thread "Saving for College". I think the title of
that thread and your posting there make you question clearer.

For future reference, keep all related postings in the same (original)
thread.


----- original message -----

"Struggling College Student"
m wrote in message
...
I have to make a plan for a monthly payment deposit for the next 15 years.
The account pays 4.5% annual interest, compounded monthly. I have to use
the
FV function to determine the % of college tuition saved.

Out of State Annual Tuition=40000
Rate(per month)=4.5%/12
Nper(number of monthly payments)=15*12
Pmt(payment per period)=375
Percentage of Tuition Saved=FV/Tuition for 4 years

For the Future Value, I used =-FV(0%/12,180,375), which gave me a return
of
69,423.38. Am I going in the right direction?