Answer :

To determine the future worth (F) of money invested at present with interest (i) that is compounded annually, the formula is, 
  
                                       F = P x (1 + i)^n

where P is the present value of money. Substituting the known values, 
 
                             F = ($200) x (1 + 0.06)^5 = $267.645

Thus, the future worth of money is approximately $267.65. 
Ckaranja
A=[tex] p(1+r/100)^{t} [/tex]
A=200(1+0.06[tex] )^{5} [/tex]
A=267.65

Other Questions