Based on the amount of the gift that Kara George received and the interest rate, the value in 12 years would be $28,733.70.
How much would the gift be worth in 12 years?
This can be found with the formula:
= Amount x ( 1 + rate) ^ number of years
Solving gives:
= 16,000 x ( 1 + 5%)¹²
= 16,000 x 1.795856326
= $28,733.70
Find out more on future value at https://brainly.com/question/24703884.
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