Question

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​

Answer 1

$6,400

Explanation:

Amount = Principal(1 + rate)^time

A = 5000(1 + .025)^10

A = 5000(1.28)

A = 6400