## A small business as a profit of 6500 in January in 17,500 in May what is the rate of change in profit for the time.

October 14, 2019// Blog//

**Answer:**

The answer is : $67,266.16

**Step-by-step explanation:**

This question is a future value question.

As given, Trent puts away 10% of his $32,000 every year and the company will put half amount of $1,600. So, total amount becomes = each year.

Formula for future value or FV is Fv = Pmt (1 + r/n)^(nt) – 1 / (r/n)

Where, Fv = Future Value , Pmt = repeated payments , R = interest rate ,N = total number of payment periods

Putting the values in the formula,

Fv = 4800 (1 + 0.073/1)^(1×10) – 1 (0.073/1)

Fv = $67266.16

**Hence, the answer is $67266.16**