An investment made 10 years ago is worth $100,000. if the annual return over these 10 years was 7.20%, then the original investm

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nadezda [96]

1 year ago

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An investment made 10 years ago is worth $100,000. if the annual return over these 10 years was 7.20%, then the original investm

ent amount was:

Business

1 answer:

GenaCL600 [577] · Answer 1 · 2023-10-15T09:34:56+03:00

The original investment amount was $ 68.56 then annual return on investment is 10 years was 7.20% interest.

What is investment?

Investment definition is assets invested in to build wealth and save money on bank, property and projects for specific time period of money.

PV is a present value, FV is a future value, i is interest, n is number of period

PV= FV/ (1 + i) n

PV= 1, 00,000 / (1+7.20%) 10

PV =68.5650014087

As a result, the original amount of investment is 68. 56

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