The time it would take for the future investment to grow to $40,000 is roughly 2.3 years.
The present value = 28000
i = the rate of inflation = 6% = 0.06
f = effective return = 10% = 0.10
F = 40000
d = i+f+if
Take the log of both sides
log0.7 = -nlog1.166
-0.15 = -n0.0166
divide through by 0.0166
n = 0.15/0.066
n = 2.27
Approximately 2.3 years
Under a futures contract, a specific commodity asset or security will be bought or sold at a set price and later date. On futures exchanges like the CME Group, futures contracts, or simply "futures," are traded. To do so, a brokerage account must be approved to trade futures.
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