Asked by john
What would the future value of $6.5million dollars be after 5 years at 1.2% interest?
Answers
Answered by
Henry
Pt = Po + r*t*Po.
Pt = 6.5 + 0.012*5*6.5 = 6.5 + 0.39 = 6.89M.
Pt = 6.5 + 0.012*5*6.5 = 6.5 + 0.39 = 6.89M.
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