The value of her investment at the end of 7 years is $11804
How to determine the value?
The given parameters are
Principal, P = $5000
Rate, r = 4.5%
Time, t = 7 years
The value is then calculated as:
Value = P * P(1 + r)^t
So, we have:
Value = 5000 + 5000 * (1 + 4.5%)^7
Evaluate the expression
Value = 11804
Hence, the value of her investment at the end of 7 years is $11804
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