Find the future value and the compound interest if $7000 is invested for 5 years at 14% p.a.

Question

asked Feb 28, 2021 77.5k views

1 Answer

Reu · Answer 1 · 2021-03-05T07:06:58+0000

Answer:

14,039

Explanation:

The interest gets you about 980 dollars a year but the compound get you around 4k on the since it doubles each year