A. 7346.64

B. 8346

C. 3456

D. 4567

Dapzoi

Dapzoi

The only part of this type of calculation that needs particularcare is that concerning the interest rate. The formula assumes thatr is a proportion, and so, in this case:r = 0.08In addition, we have P = 5,000 and n = 5, so:V = P(1 + r)5 = 5,000 x (1 + 0.08)5 = 5,000 x 1.469328 = 7,346.64Thus the value of the investment will be 7,346.64