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