Question

Can someone please help and explain

Answer 1

`c = 300000 {(1.05)}^(50)`

Explanation:

The future value formula is FV=PV(1+i)^n, where the present value PV increases for each period into the future by a factor of 1 + i. value PV increases for each period into the future by a factor of 1 + i.

`fv = pv {(1 + r)}^(n)`

fv = future value

pv = present value

r = annual interest rate ( decimal number)

n= period