Mathematics, 05.02.2020 03:02, ineedhelpwhomework

Future value = p × (1+ i)t

`"present value" = "p" / (1 + i)^"t"`

you want to deposit $12,000 in a bank at an interest rate of 8 percent per year. what is the future value of this money after five years?

a.
$15,315.38
b.
$17,631.94
c.
$16,830.62

Answers: 2

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Future value = p × (1+ i)t

`"present value" = "p" / (1 + i)^"t"`

you want t...