Answer:
$8,613.78
Explanation:
The multiplier each year is 1+7.5% = 1.075, so in 5 years, the investment will have been multiplied by 1.075^5 ≈ 1.435629.
Then the value of Manson's investment will be $6000·1.435629 ≈ $8,613.78
9.4m questions
12.2m answers