QuestionCalculate the investment value using $A=5000(1+0.08)^{15}$. What is $A$ after 15 years? Options: A. \$2,000 B. \$5,400 C. \$10,882 D. \$15,861 E. \$21,499

Studdy Solution
Calculate the value of the investment after15 years.
$$A = \$5,000(1.08)^{15} \approx \$15,861$$The value of the investment after15 years is approximately $15,861. So, the correct answer is D.$\$15,861$.