Final answer:
The question asks about a $70,000 investment made at t=0 and returns realized over a 5-year period. To calculate the future value of the investment, we can use the formula Future Value = Present Value * (1 + Interest Rate)^Number of Years.
Step-by-step explanation:
The subject of this question is Business. The question asks about a $70,000 investment being made at t=0 and returns realized over a 5-year period.
To calculate the future value of the investment, we can use the formula:
Future Value = Present Value * (1 + Interest Rate)Number of Years
For example, if the interest rate is 5% and the investment is for 5 years, the future value would be $70,000 * (1 + 0.05)5 = $79,307.50.