Answer:
FV= $21,038.28
Step-by-step explanation:
Giving the following information:
Initial investment (PV)= $15,000
Interest rate (i)= 7% compounded annually
Number of periods (n)= 5
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1 + i)^n
FV= 15,000*(1.07^5)
FV= $21,038.28
100,1000,10,000 is the correct answer or maybe 0
Answer:the answer is 150
Step-by-step explanation:multiply 10 and 15 and you get 150
