<PRE><B>Question 1130967</B>
46500 is the present value.
the formula to use with compound interest is f = p * (1 + r) ^ n


f is the future value.
p is the present value.
r is the inteest rate per time period (years in this case).
n is the number of time periods.


you  have:


present value = 46500.
future value = what you want to find.
r = .06 per time period (use the rate, not the percent).
n = 2.5 time periods.
each time period is 1 year.


formula becomes:


f = 46500 * (1 + .06) ^ 2.5


solve for f to get f = 53791.99062.


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