What would you receive three years from now, if you invested $4,000 at 2.50%? You will...

Question

Question

What would you receive three years from now, if you invested $4,000 at 2.50%? You will receive no payment until the end of the third year.

Answer 1

Answer #1

Future Value = Present Value (1+r)ⁿ

Future Value = $4000(1+0.0250)³

Future Value = $4000*1.076891

Future Value = $4307.56

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Answer 2

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