Question

What will be the value of Stacy’s investment in 5 years?

Answer 1

19%=.19 31.100 times .19=5.909 she would be 59 years old

Explanation:

Answer 2

Given:

`P=\text{ \$31,100 ; }r=19\text{ \% ; }t=5\text{ ; n=2}`
`A=P(1+(r)/(n))^(nt)`
`A=31100(1+(0.19)/(2))^(2*5)`
`A=31100((2.19)/(2))^(10)`
`A=31100(1.095)^(10)`
`A=31100(2.4782)`
`A=77072.02`
`A=\text{ \$77072.02}`

The value of Stacy's investment after 5 years is 7707202 cent.