Answer:the Future Value of $82,797 in 30 years with 16% interest rate =$7,108,112.26
Explanation:
F V = PV x (1 + R)^n
Where
FV=Future Value
PV= Present Value
R =Interest rate
n= Number of years
F V = PV x (1 + R)^n
Future Value =$82,797 x ( 1+ 0.16) ^30
=$82,797 x ( 1.16) ^30
$82,797 x 85.849
=$7,108,112.26
Therefore, the Future Value of $82,797 in 30 years with 16% interest rate =$7,108,112.26
