The formula to compute the current value of an
investment is A = P(1 + r)β, where A is the
va...
Mathematics, 17.02.2021 22:20 oof5221
The formula to compute the current value of an
investment is A = P(1 + r)β, where A is the
value of the investment; P is the amount invested;
r is the annual rate of return expressed as a
decimal; and n is the number of years the amount
is invested. If a woman invests $5,000 and the
annual rate of return is 8 %, what is the value of
the investment after 15 years?
Answers: 3
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