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Formula for future value is F = P*(1 + r)^n, Where:

  • F is Future value
  • P is Present value
  • r is the rate per unit time (so 6% per year is 0.06)
  • n is the number of compounding time periods (annually, so n=5 for 5 years)

F = 200*(1+.06)^5 = 267.65

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13y ago

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