The value of investment after 5 years.Given information:Amount invested: $40,000Rate of interest: 2\% Per annumTime: 5 years.

Brittney Lord 2021-08-17 Answered
The value of investment after 5 years.
Given information:
Amount invested: $40,000
Rate of interest: 2% Per annum
Time: 5 years.
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Expert Answer

l1koV
Answered 2021-08-18 Author has 100 answers
Calculation:
FV=Amount(1+R%)n
FV=$40,000+1
=40,000102100
=40,000×1.104
=$44164
So, the value of investment after 5 years is $44164.
Conclusion:
So, the value of investment after 5 years is $44164.
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