If you earned annual rates of return of 4.8%, 9.2%, and 11.6% the value of this investment today is c. $1,532.60
Using this formula
FV = PV(1 + r)^t (1 + r)^t (1 + r)^t
Where:
FV represent Future Value
PV represent Present Value
r represent Rate
t represent Time
Let plug in the formula
Future Value= $1,200 (1+.048)^1 (1+.092)^1 (1+.116)^1
Future Value= $1,200 (1.048)^1 (1.092)^1 (1.116)^1
Future Value= $1,200 (1.048) (1.092) (1.116)
Future Value = $1,532.60
Inconclusion If you earned annual rates of return of 4.8%, 9.2%, and 11.6% the value of this investment today is c. $1,532.60.
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