SOLUTION: Find the future value "A" or the total amount due at the time "T" for: p= $5000 r= 8% t=3 years

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Question 316341: Find the future value "A" or the total amount due at the time "T" for:
p= $5000 r= 8% t=3 years
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=P(1+.08)^3
A=5000(1.08)^3
A=$6298.56