document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=155257>Question 155257</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The future value of an investment is the value of the investment after a certain period of time and is given by the formula: FV=PV(l+i)^n in which <BR>\n" );
document.write( "FV= future value, PV= present value, i=the interest rate, n= the number of years invested<BR>\n" );
document.write( "Find the future value of an investment of $120,000 in 5 years from now if an investment earns 5% annual interest for the next 10 years. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #114377 by </B><A HREF=/tutors/aboutme.mpl?userid=nerdybill><B>nerdybill(7384)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=nerdybill><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=nerdybill><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=114377\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Simply plug in what was given and solve:<BR>\n" );
document.write( "FV=PV(l+i)^n<BR>\n" );
document.write( "The problem gave us the following:<BR>\n" );
document.write( "PV = 120000<BR>\n" );
document.write( "i = .05<BR>\n" );
document.write( "n = 10<BR>\n" );
document.write( ".<BR>\n" );
document.write( "FV=120000(l+.05)^10<BR>\n" );
document.write( "FV=120000(l.05)^10<BR>\n" );
document.write( "FV=120000(1.629)<BR>\n" );
document.write( "FV=$195,467.36\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );