Answer:
the future value is $3,540.79
Explanation:
The computation of the amount after at the end of 25 years is shown below:
Amount = Principal (1 + rate of interest)^number of compounding period
= $825 (1 + 0.06)^25
= $825 (4.2919)
= $3,540.79
hence, the future value is $3,540.79
We simply applied the above formula so that the correct value could come
And, the same is to be considered
