SOLUTION: when 5000 is invested at 4% p.a.What is the future sum to be received after 4 years?
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Question 803269: when 5000 is invested at 4% p.a.What is the future sum to be received after 4 years?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=5000(1.04)^4
FV=5000*1.16986
FV=$5849.30
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