Respuesta :
Answer:
FV(n)=42,000(1.04)^n
Step-by-step explanation:
FV=PV(1+r/n)^nt
Where
FV=future value
PV=present value
r=interest rate
n=number of periods
t=time (years)
PV=42,000
r=4%=0.04
n=1
t=n
FV(n)=p(1+r/n)^nt
=42,000(1+0.04/1)^1*n
=420000(1+0.04)^n
=42,000(1.04)^n
FV(n)=42,000(1.04)^n