If you invest $71,136.92 today, how much will your investment grow to in 14 years if...

Question

Question

If you invest $71,136.92 today, how much will your investment grow to in 14 years if the interest rate is 1.13%, and interest is compounded monthly?

Answer =

Cash Flow =

r =

n =

business finance

Answer 1

Answer #1

Future value = Present value x (1+i+n)^nt Value in 14 years = fv = $83,323.62 $71,136.92 X (1+14%/12)^(12*14)

Answer 2

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