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Write a function and solve for the total funds of an investment of $800 at 5.25% for 15 years.

Write a function and solve for the total funds of an investment of $800 at 5.25% for 15 years.
asked 112k views
2 votes
Write a function and solve for the

total funds of an investment of
$800 at 5.25% for 15 years.

asked
User Silvado
by
8.2k points

1 Answer

4 votes

Answer:

$1158.64.

Explanation:

Total funds after 15 years = 800(1 + 0.025)^15

= 1158.64

answered
User Guozqzzu
by
8.2k points
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