Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the future value ( FV ) of $ 5 0 , 0 0 0 in twenty - five years, assuming the interest rate

What is the future value (FV) of $50,000 in twenty-five years, assuming the interest rate is 7% per year?
A. $298,509
B. $271,372
C. $230,666
D. $176,392
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Models And Tools For Effective Decision Making Under Uncertainty And Risk Contexts

Authors: Vicente González-Prida, María Carmen Carnero

1st Edition

1799832465,179983249X

More Books

Students also viewed these Finance questions

Question

what is a peer Group? Importance?

Answered: 1 week ago