Suppose that Peter invested $24 at a 5% interest rate. What would be the balance in his account after 5 years? 50 years?© BrainMass Inc. brainmass.com March 4, 2021, 5:38 pm ad1c9bdddf
This solution is comprised of a simple explanation of how to determine the future value of an investment at a set interest rate. Account balances are examined.