Join IDNLearn.com and start exploring the answers to your most pressing questions. Our experts provide prompt and accurate answers to help you make informed decisions on any topic.
Sagot :
Answer:
155,588
Step-by-step explanation:
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = growth rate
N = number of years 2021 - 2014 = 7
130,000(1.026)^7 = 155,587.6
rounding off to the nearest whole number is 155,588
To round off to the nearest whole number, look at the first number after the decimal, if it is less than 5, add zero to the units term, If it is equal or greater than 5, add 1 to the units term.
Your engagement is important to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. IDNLearn.com is your go-to source for dependable answers. Thank you for visiting, and we hope to assist you again.
