Answer to Question #169520 in Financial Math for Souvick

Question

Khan Group has accumulated a portfolio currently valued at Tk. 8, 75,000 

(lump-sum amount). They believe that they can earn a profit rate of 9.5% on 

these funds for next 15 years. What will be the future value of their portfolio 

after the maturity?

Answer 1

$FV=PV(1+r)^n$ ,

$FV=875,000(1+0.095)^{15}$

$=3,413,656.67$