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Select the correct answer.

What would be the value of $150 after eight years if you earn 12 percent interest per year?

future value = Px(1+1)

present value = otu

noise

OA $371,39

Respuesta :

anaguerrero0505

Answer:

It would be $371.39

Step-by-step explanation:

In order to find the value in the future, the following formula is used

[tex]FV=PV(1+i)^{T}[/tex]

Where FV is the future value, PV, the present value ($150), i the interest (12%) and T, the number of years (8)

Therefore, [tex]FV=150(1+0.12)^{8}=371.39[/tex]

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