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Sagot :
Answer:
The yearly value of the card 25 years later is $16.93.
Step-by-step explanation:
You can use the following formula to find the future value:
FV=PV(1+r)^n
FV= future value
PV= present value= 5
r=rate= 0.05
n=number of periods of time= 25
Now, you can replace the values in the formula:
FV=5(1+0.05)^25
FV=5(1.05)^25
FV=16.93
According to this, the answer is that the yearly value of the card 25 years later is $16.93.
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