$15,000 at 15% compounded annually for 5 years
$15,000 at 15% compounded annually for 5 yearsA. $28,500.000B. $30,170.36C. $17.250.00ООD. $26,250.45 The Correct Answer and Explanation is : To calculate the future value of an investment using compound interest, we can use the formula: [A = P(1 + r)^n] Where: Given: Plugging in the values: [A = 15000(1 + 0.15)^5] Calculating step-by-step: Therefore, the […]
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