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Answer to Question #2853 in Differential Equations for JACKIE LONGMAN

Question #2853
What would the future value of $6.5 million dollars be after 5 years at 1.2% interest rate?
1
Expert's answer
2011-05-17T09:27:47-0400
FV = PV (1 +r)t
FV = 6.5 (1 + 0.012)5 = $6.9 million dollars

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