# 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?

Expert's answer

FV = PV (1 +r)

FV = 6.5 (1 + 0.012)

^{t}FV = 6.5 (1 + 0.012)

^{5}= $6.9 million dollarsNeed a fast expert's response?

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