Answer:
FV= $7,435.74
Explanation:
Giving the following information:
Initial investment= $6,400
Interest rate= 1.5%
Number of periods= 10 years
To calculate the value of the account in ten years, we need to use the following formula:
FV= PV*e^(i*n)
FV= 6,400*e^(0.015*10)
FV= $7,435.74
