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Dorothy's Bakery is planning for future expansion by investing $29,000 now into a fund that earns interest at an annual rate of 2%, compunded annually.
Dorothy's Bakery is planning for future expansion by investing $29,000 now into a fund that earns interest at an annual rate of 2%, compunded annually. Determine how much Dorothy's will have 5 years from now to purchase a new commercial over, using the FV function in Excel or a financial Calculator. (Do not round intermediate calculation. Round Final answer 2 decimal placed, e.g. 458,581.25.)
Future Value $
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