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2 years ago

14

How much will a one time investment of $250 be when invested at 6% for 40 years and compounded annually. Round your answer to th

e nearest cent (2 decimal places). You will not be able to bypass this question until you have the correct answer. Do not use commas in your answer.

1 answer:

anzhelika [568]2 years ago

7 0

Answer:

$2571.43

Step-by-step explanation:

F = P(1 + r)^t

F = 250(1 + 0.06)^40

F = 2571.43

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