Answer:
$327,975.21
Explanation:
The computation is shown below:
Future value = Present value × (1 + interest rate)^number of years
where,
Present value = $2,000
Rate = 12%
Number of years = 45 years
So, the future value
= $2,000 × (1 + 0.12)^45
= $2000 × 163.987603871
= $327,975.21
Basically we applied the future value formula by considering the present value, time period, and the number of years
