Answer:
FV= $3,725.07
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $3,294
Number of periods (n)= 5 years
Interest rate (i)= 2.6% = 0.026
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 3,294*(1.026^5)
FV= $3,725.07
1:24 and 2:20 and 3:30 and 4:16 and 5:12
Answer:
10,346.0(1.1)^x
112,096 people
Step-by-step explanation:
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