Question: Provide solution using formula, show your calculations without excel. You invested $20,000 in an online account three years ago. If you deposit a further $10,000

Provide solution using formula, show your calculations without excel.

You invested $20,000 in an online account three years ago. If you deposit a further $10,000 today, how much will be in the account in five years time? The account earns an interest rate of 5.4% p.a. (a) $43,469.53 (b) $33,418.11 (c) $31,709.05 (d) $39,023.33

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