Find the future value if £7400 is invested for 6 years at 12.8% p.a. Total

Mathematics

1 answer:

Juli2301 [7.4K]3 years ago

7 0

Answer:

the future value is £15,243.56

Step-by-step explanation:

The computation of the future value is shown below:

As we know that

Future value = Present value × (1 + rate of interest)^number of years

= £7400 × (1 + 0.128)^6

= £15,243.56

Hence, the future value is £15,243.56

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