Homework Answers
Lest Assume Principle of Amount Invested = P = 5000
Interest / Anum {compounding] = i = 6.5%
Years = n = 5
Funture Value FV(n) = P x ( 1+ i)n ;
FV(5) = 5000 x ( 1+ 6.5%)5 = 6850.43
Hence, Option1 is right answer.
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