Question 1125106
f = p * (1 + r) ^ n


f is the future value
p is the present value
r is the interest rate per time period.
n is the number of time periods.


in your problem.


f is what you want to find.
p is equal to 2650.
r is equal to 7.5% per year.
divide that by 100 to get an interest rate of .075 per year.
n is equal to 5 years.


formula becomes = 2650 * (1 + .075) ^ 5, resulting in f = 3804.417714.