SOLUTION: You decide to invest $100,000 in a program that is guaranteed to grow by2.5% for each of the next 5 years. At the end of the 5 years, how much is your investment worth?

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Question 1015069: You decide to invest $100,000 in a program that is guaranteed to grow by2.5% for each of the next 5 years. At the end of the 5 years, how much is your investment worth?
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
It is 100,000(1.025)^5;
1.025^5=1.131
Answer without rounding is $113,140.82