The value of investment after 5 years.

Given information:

Amount invested: $40,000

Rate of interest:$2\mathrm{\%}$ Per annum

Time: 5 years.

Given information:

Amount invested: $40,000

Rate of interest:

Time: 5 years.

Brittney Lord
2021-08-17
Answered

The value of investment after 5 years.

Given information:

Amount invested: $40,000

Rate of interest:$2\mathrm{\%}$ Per annum

Time: 5 years.

Given information:

Amount invested: $40,000

Rate of interest:

Time: 5 years.

You can still ask an expert for help

l1koV

Answered 2021-08-18
Author has **100** answers

Calculation:

$FV=Amount{(1+R\mathrm{\%})}^{n}$

$FV=\mathrm{\$}40,{000}_{+}^{1}}$

$=40,{000}^{\frac{102}{100}}$

$=40,000\times 1.104$

$=\mathrm{\$}44164}$

So, the value of investment after 5 years is $44164.

Conclusion:

So, the value of investment after 5 years is $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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