Answer:
FV= 111,529.37 = 111,529
Explanation:
Giving the following information:
Initial amount (PV)= 12,000
Growth rate (g)= 45% = 0.45
First, we will establish the future value formula:
FV= PV*(1+g)^n
FV= future value
n= number of days
FV= 12,000*(1.45^n)
For 6 days:
FV= 12,000*(1.45^6)
FV= 111,529.37