Question

Can someone please help and explain

Answer 1

Answer:

$c = 300000 {(1.05)}^{50}$

Step-by-step explanation:

The future value formula is FV=PV(1+i)^n, where the present value PV increases for each period into the future by a factor of 1 + i.  value PV increases for each period into the future by a factor of 1 + i. 

$fv = pv {(1 + r)}^{n}$

fv = future value

pv = present value

r = annual interest rate ( decimal number)

n= period