Question

Please help me!

Answer 1

Answer:

C.)$31,390

Step-by-step explanation:

You can use the formula to calculate the future value to find the answer:

FV=PV*(1+i)^n

FV= future value

PV= present value= 29,000

i= interest rate=2%

n= number of periods of time= 4

Now, you can replace the values in  the formula:

FV=29,000*(1+0.02)^4

FV=29,000*(1.02)^4

FV=31,390

According to this, the answer is that the annual rent would be $31,390 at the end of four years.