4. Calculate the final value after 10 years if you invest $5000.00 at 2.5% per annum, compounded annually. please guys can anyone help me

asked May 5, 2022 157k views

9 votes

4. Calculate the final value after 10 years if you invest $5000.00 at 2.5% per annum,

compounded annually. please guys can anyone help me

3.8k points

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3 votes

Answer:

$6,400

Explanation:

Amount = Principal(1 + rate)^time

A = 5000(1 + .025)^10

A = 5000(1.28)

A = 6400

Henshal B answered May 9, 2022

3.5k points

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