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A person invests $5000 in an account at 3% interest com- pounded annually.
The value V (in) of the account after t years is described by V = 500011.032 .
Find the value of the account after 10 years.
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The post consists of three lines and in the form "as is" MAKES no SENSE.
But if you REMOVE the second line from the post, then the 1-st and the 3-rd lines, taken together, will make sense . . .
For the reduced post, the formula is
Future value = = = 6719.58 dollars. ANSWER
Solved.
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May I give an advise to you for the future: read your post attentively before submitting it (!)
And avoid posting NONSENSE to this forum.
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Usually, for the visitors who come with valid problems, I give some references to my
relevant lessons on the subject - - - as a bonus.
But in this case, I will not give any reference, for educational purposes.