Respuesta :
Answer:
$86,166.31
Explanation:
We use future value (FV) formula as follows:
Step 1: Calculation of amount to have after five years:
Five years FV = $10,000 × (1 + 0.1)^5
= $10,000 × (1.01)^5
= $10,000 × 1.61051
Five years FV = $16,105.10
Therefore, $16,105.10 will be realized after five years.
Step 2: Calculation of amount to have after twelve years:
Twelve years FV = $16,105.10 × (1 + 0.15)^12
= $16,105.10 × (1.15)^12
= $16,105.10 × 5.35025010547371
Twelve years FV = $86,166.31
Therefore, you will have $86,166.31 after 17 years.
To invest is to own an asset or an item with the aim of obtaining income from it or benefitting from the improvement of your investment, which is an increase in the object's value over time.
The return on investment after 17 years is $86,166.31
To calculate the future value (FV) formula is as follows:
Step 1: Calculation of amount to have after five years:
[tex]\text{Five years FV} = \$10,000 \times (1 + 0.1)^5 = $10,000 \times (1.01)^5 = $10,000 \times 1.61051[/tex]
Five years FV = $16,105.10
Therefore, $16,105.10 will be realized after five years.
Step 2: Calculation of amount to have after twelve years:
[tex]\text{Twelve years FV} = \$16,105.10 \times (1 + 0.15)^{12} = $16,105.10 \times (1.15)^{12} = $16,105.10 \times 5.35025010547371[/tex]
Twelve years FV = $86,166.31
Therefore, you will have $86,166.31 after 17 years.
To know more about the return on investment, refer to the link below:
https://brainly.com/question/17094556
