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Jeana invested P20,000.00 in a retirement account that has a rate of 20% that compound annually. If hen leaves her money for 3 years how much money will be in her account? Brainly

Respuesta :

Answer:

P 34,560.00

Step-by-step explanation:

The relationship between the amount invested today(present value) and the expected future value amount can  be shown in the formula provided below:

FV=PV*(1+r)^n

FV=expected future amount=the unknown

PV=amount invested today= P20,000.00

r=rate of return=20%

n=investment time horizon=3  years

FV=20000*(1+20%)^3

PV=20000*(1.20)^3

PV=20000*1.728

PV=P 34,560.00  

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