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Future Value

Low Martian wants to invest $2,500,000 from his Chicago Bulls contract. He has found an investment that will pay 14%. He is not sure of the compounding periods, however. He has asked you to calculate how much he would have after five years if the compounding is done monthly?

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Alll you need to do is to find the future value of 2, 500, 000. ...

$2.19