Business Finance
Future Value - Finance

Question Description

I don’t know how to handle this Business question and need guidance.

You put $5,000 in an investment account today which will earn 6% over the next 11 years, what is the future value?

Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Final Answer

Future value = 5000* (1.06)^11= $9491.49  = $9,491

madhavant (2757)
New York University

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