Ask Question
21 June, 21:46

What is the future value of $7,189 invested for 23 years at 9.25 percent compounded annually?

+4
Answers (1)
  1. 21 June, 22:11
    0
    Formula: FV = PV (1+r) ^n

    FV is the future value, PV is the present value (which is $7189 in our case), r is the interest (9.25%), and n is the number of periods (23)

    FV = $7189 (1 + 0.0925) ^23 = $54999.879
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is the future value of $7,189 invested for 23 years at 9.25 percent compounded annually? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers