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You Invest $2,700 for three years at 8 percent. a. What is the value of your investment after one year? Multiply $2,700 x 1.08. Value
You Invest $2,700 for three years at 8 percent. a. What is the value of your investment after one year? Multiply $2,700 x 1.08. Value of investment $ 2,916 b. What is the value of your investment after two years? Multiply your answer to part a by 1.08. (Round your answer to 2 decimal places.) Value of investment c. What is the value of your Investment after three years? Multiply your answer to part b by 1.08. This gives your final answer. (Round your answer to 2 decimal places.) Value of investment d. Combine these steps using the formula FV = PV x (1 + i)" to find the future value of $2,700 in 3 years at 8 percent interest. (Round your answer to 2 decimal places.) Future value
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