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-   -   4,800 invested for 10 years at 9% compounded annually will accumulate to (https://www.askmehelpdesk.com/showthread.php?t=785133)

  • Feb 22, 2014, 04:28 AM
    ria1960
    4,800 invested for 10 years at 9% compounded annually will accumulate to
    No clue
  • Feb 22, 2014, 08:37 AM
    ebaines
    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.

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