SOLUTION: when 5000 is invested at 4% p.a.What is the future sum to be received after 4 years?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: when 5000 is invested at 4% p.a.What is the future sum to be received after 4 years?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

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) About Me  (Show Source):
You can put this solution on YOUR website!
FV=5000(1.04)^4
FV=5000*1.16986
FV=$5849.30