document.write( "Question 1077226: You decide to invest $100,000 in a program that is guaranteed to grow by 2.5% for each of the next 5 years. At the end of the 5 years, how much is your investment worth? \n" ); document.write( "
Algebra.Com's Answer #691770 by jorel1380(3719) You can put this solution on YOUR website! The growth of an investment is given by P(1+r)^n where P is the principal, r is the interest rate, and n is the number of periods. So: \n" ); document.write( "Future Value=100000*(1+0.025)^5 \n" ); document.write( "FV=$113140.821 as the amount after 5 years. ☺☺☺☺ \n" ); document.write( " |