To find the future value of an investment, you can use the formula for compound interest, which is:

FV = PV * (1 + r/n)^(nt)

Where:
FV = Future Value
PV = Present Value
r = annual interest rate (in decimal form)
n = number of times that interest is compounded per year
t = time the money is invested for in years

Given in the problem:
PV = $900
r = 17% or 0.17 (in decimal form)
n = 1 (since it's not mentioned, we assume the interest is compounded annually)
t = 5 years

Substitute these values into the formula:

FV = 900 * (1 + 0.17/1)^(1*5)
FV = 900 * (1.17)^5
FV = 900 * 2.08008426
FV = $1872.08

So, none of the options given in the question are correct. The future value of $900 invested today at an interest rate of 17% at the end of 5 years would be approximately $1872.08.

Question

To find the future value of an investment, you can use the formula for compound interest, which is:

FV = PV * (1 + r/n)^(nt)

Where:
FV = Future Value
PV = Present Value
r = annual interest rate (in decimal form)
n = number of times that interest is compounded per year
t = time the money is invested for in years

Given in the problem:
PV = $900
r = 17% or 0.17 (in decimal form)
n = 1 (since it's not mentioned, we assume the interest is compounded annually)
t = 5 years

Substitute these values into the formula:

FV = 900 * (1 + 0.17/1)^(1*5)
FV = 900 * (1.17)^5
FV = 900 * 2.08008426
FV = $1872.08

So, none of the options given in the question are correct. The future value of $900 invested today at an interest rate of 17% at the end of 5 years would be approximately $1872.08.

Knowee AI · Accepted Answer

To find the future value of an investment, you can use the formula for compound interest, which is:

FV = PV * (1 + r/n)^(nt)

Where:
FV = Future Value
PV = Present Value
r = annual interest rate (in decimal form)
n = number of times that interest is compounded per year
t = time the money is invested for in years

Given in the problem:
PV = $900
r = 17% or 0.17 (in decimal form)
n = 1 (since it's not mentioned, we assume the interest is compounded annually)
t = 5 years

Substitute these values into the formula:

FV = 900 * (1 + 0.17/1)^(1*5)
FV = 900 * (1.17)^5
FV = 900 * 2.08008426
FV = $1872.08

So, none of the options given in the question are correct. The future value of $900 invested today at an interest rate of 17% at the end of 5 years would be approximately $1872.08.

Find the future value at the end of 5 years of $900 invested today at an interest rate of 17 per cent.a.$1992.1b.$1968.62c.$1976.5d.$1973.2

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