Question 155257
Simply plug in what was given and solve:
FV=PV(l+i)^n
The problem gave us the following:
PV = 120000
i = .05
n = 10
.
FV=120000(l+.05)^10
FV=120000(l.05)^10
FV=120000(1.629)
FV=$195,467.36