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Triss [41]
3 years ago
14

Some investments in the stock market have earned 10% annually. At this rate, earnings can be found using the formula A=P(1.10)^n

, where A is the total value of the investment, P is the initial value of the investment, and N is the number if years the money is invested. If $2,500 is invested in the stock market at this annual rate of return, what is the expected total value after 18 years?
Business
1 answer:
lorasvet [3.4K]3 years ago
8 0
For the answer to the question above asking <span>what is the expected total value after 18 years?</span>p=invested=2500
n=number of years=18

so
a=2500(1.1)^18
Use the formula in solving this
(1.1)^18=5.55991731349 first then
a=2500(<span>5.55991731349)
So the answer to the question above is
a=</span>13,899.793283725
or 13,900 if rounded off
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