A $35,000 investment at 5.5% for 30 years. Find the future value.

Question

asked Mar 7, 2021 87.1k views

1 Answer

Kevin Gurney · Answer 1 · 2021-03-11T02:17:47+0000

Answer:

$174438.30

Explanation:

35000 × 1.055^30

(original amount) × (decimal percentage)^(years)

35000 × 1.055^30 = 174438.2951

round it up to = $174438.30