Mathematics, 28.10.2020 16:40 SSE4802
The formula to compute the current value of an investment is A = P (1 + r)n, 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? A. $2,000 B. $5,400 C. $10,882 D. $15,861 E. $21,499
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