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D Question 1
Initial investment-$250
Future Value with 5% interest rate

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To calculate the future value of an initial investment of $250 with a 5% interest rate, we can use the formula for compound interest:

Future Value = Initial Investment * (1 + Interest Rate)^n

Where:

Initial Investment = $250

Interest Rate = 5% = 0.05

n = Number of periods

Let's assume we want to calculate the future value after 3 years:

Future Value = $250 * (1 + 0.05)^3

Calculating:

Future Value = $250 * (1.05)^3

= $250 * 1.157625

= $289.41 (rounded to two decimal places)

Therefore, the future value of an initial investment of $250 with a 5% interest rate after 3 years is approximately $289.41.

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