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

 Nov 11, 2014

Best Answer 

 #1
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You put $5,000 in an investment account today which will earn 6% over the next 11 years, what is the future value?

A = 5000(1 + .06)11 = about $9491.49

 

 Nov 11, 2014
 #1
avatar+130511 
+5
Best Answer

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

A = 5000(1 + .06)11 = about $9491.49

 

CPhill Nov 11, 2014

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