megansueholliday megansueholliday

21-02-2024
Mathematics

contestada

Find the future value of $25,000 invested at 12% APR, compounded quarterly for 5 years.

Respuesta :

mathstudent55 mathstudent55

21-02-2024

Answer:

$45,152.78

Step-by-step explanation:

F = P(1 + r/n)^(nt)

F = 25000(1 + 0.12/4)^(4 × 5)

F = 45152.78

Answer: $45,152.78

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