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The answer to this solution is listed below. Can you please translate the answer to this solution using a financial calculator. Example: fv, n, i/y,

The answer to this solution is listed below. Can you please translate the answer to this solution using a financial calculator. Example: fv, n, i/y, pv, PMT etc.

This morning you invested your tax refund of $2,220 at an interest rate of 4.8 percent, compounded annually. How much will this investment be worth 15 years from now?

FV = 2220*(1.048^15) = $4485.1

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