What is the future value (FV)of $10,000 in 50 years,assuming the interest rate is 4% per year?
A)$100,804
B)$52,000
C)$520,000
D)$20,000
E)$71,067

Question

Quizplus · Accepted Answer

The future value is calculated using the formula FV = PV * (1 + r)^n, where PV is the present value ($10,000), r is the interest rate (0.04), and n is the number of years (50). Plugging in the values, FV = $10,000 * (1 + 0.04)^50 = $71,067.

What Is the Future Value (FV)of $10,000 in 50 Years,assuming