the fernrod motorcycle company invested 250,000 at 4.5% compounded monthly to be used for the expansion of their manufacturing facilities. how much money will be aviable for the project 3.5 years?

Answer 1

Future value, F
Interest, i = 0.045
compounding frequency, f = 12
Time, t = 3.5 years
Let
P = present value, = 250000
then use the compound interest formula
F=P(1+i/f)^ft

Answer 2

CGI

Answer 3

292,559