Calculate the final value after 10 years if you invest $5000.00 at 2.5% per annum, compounded annually.

50000(1+.025)^10

Thanks but what does dis mean ^ ?

^ means the following number is an exponent.

To calculate the final value after 10 years when investing $5000.00 at 2.5% per annum, compounded annually, you need to use the formula for compound interest:

Future Value = Principal × (1 + Interest Rate)^Time

In this case:
Principal = $5000.00
Interest Rate = 2.5% per annum (or 0.025 as a decimal)
Time = 10 years

Now, let's plug these values into the formula:

Future Value = $5000.00 × (1 + 0.025)^10

To simplify this calculation, let's break it down step by step:

Step 1: Calculate the value inside the brackets.
(1 + 0.025)^10 = 1.025^10 ≈ 1.28008477

Step 2: Multiply the principal by the value inside the brackets.
$5000.00 × 1.28008477 ≈ $6400.42

Therefore, the final value after 10 years, with an initial investment of $5000.00 at an interest rate of 2.5% per annum, compounded annually, is approximately $6400.42.