She have after 8 years if she leaves it invested at 8.5 % is $ 240.08.
Future value = Present value × [tex](1 + r)^{n}[/tex]
Where,
Present Value = $125
r = Rate of interest per period = 8.5% or 0.085
n = Number of periods = 8
So, Future Value
= $125 × ([tex]1.085 ^{8}[/tex])
= $125 × 1.920604
= $ 240.08
An investment is an asset or object acquired with the goal of generating income or appreciation. Appreciation refers to an increase in the cost of an asset over the years. when an man or woman purchases a terrific as an investment, the reason is not to eat the best but instead to use it in the future to create wealth.
An investment corporation is a employer or accept as true with engaged in the business of investing pooled capital into financial securities. Investment groups can be privately or publicly owned, and that they interact in the management, sale, and advertising and marketing of funding products to the general public.
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