A $35,000 investment at 5.5% for 30 years. Find the future value.

asked Mar 7, 2021 87.1k views

3 votes

by Raaz

4.3k points

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1 vote

Answer:

$174438.30

Explanation:

35000 × 1.055^30

(original amount) × (decimal percentage)^(years)

35000 × 1.055^30 = 174438.2951

round it up to = $174438.30

Kevin Gurney answered Mar 11, 2021

4.6k points

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