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Archy [21]
2 years ago
9

invezstments increwase exponentially by about 26% every 3 years if you made a 2000 investment how much money would you have afte

r 45 years
Medicine
1 answer:
egoroff_w [7]2 years ago
3 0

The amount of money I would have after 45 years with an exponential increase is $64,060.18.

Given:

invezstments increwase by 26%

time = 3 years

investment amount = 2000

To Find:

amount of money after 45 years

<h3>What is the Future value of $2000?</h3>

The formula for calculating future value:

FV = P(1+r)^n

FV Future value

  • P = Present value
  • R = interest rate

• N = number of years = 45 / 3 = 15 years

$2000 x (1.26)^15 = $64,060.18

Learn more about Future value here:

brainly.com/question/24703884

#SPJ4

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