To what amount will
the following investment accumulate?
$2,595, invested today for 4 years at 6 percent, compounded
annually.
Round the answer to two decimal places.
Future value = Present value (1 + r)n
Future value = 2595 (1 + 0.06)4
Future value = 2595 * 1.26248
Future value = $3,276.13
The investment will accumulate to $3,276.13
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