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This past year, your team made $80,000 in net revenue from concession sales. You decide to...

This past year, your team made $80,000 in net revenue from concession sales. You decide to take 10% of that net revenue and invest it for 3 years with a guaranteed 7% annual return. What is the future value of the money you invested at the end of 3 years? (FV = C0 x(1 + r)t)

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Expert Solution

Future Valye = Present Value*[(1+Interest Rate)^Number of years] = [80000*10%]*[(1+0.07)^3] = 8000*1.225043 = $9800.34

jeff jeffy answered 2 years ago
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