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View Full Version : 4,800 invested for 10 years at 9% compounded annually will accumulate to

ria1960
Feb 22, 2014, 04:28 AM
No clue
ebaines
Feb 22, 2014, 08:37 AM
Given a present value of PV = 4800, and interest rate i, the future value after N periods of time is:

FV= PV(1+i)^N

You need to memorize this equation.

Here i = 0.09 and N = 10. Now calculate FV.