Answered

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What will be the value of Stacy’s investment in 5 years?

What Will Be The Value Of Stacys Investment In 5 Years class=

Sagot :

Given:

[tex]P=\text{ \$31,100 ; }r=19\text{ \% ; }t=5\text{ ; n=2}[/tex][tex]A=P(1+\frac{r}{n})^{nt}[/tex][tex]A=31100(1+\frac{0.19}{2})^{2\times5}[/tex][tex]A=31100(\frac{2.19}{2})^{10}[/tex][tex]A=31100(1.095)^{10}[/tex][tex]A=31100(2.4782)[/tex][tex]A=77072.02[/tex][tex]A=\text{ \$77072.02}[/tex]

The value of Stacy's investment after 5 years is 7707202 cent.

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