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3 years ago

13

Ryan miller would like to buy a condo in florida in six years. he is looking to invest $78,000 today in a stock that is expected

to earn a return of 13.7 percent annually. how much will he have at the end of six years?

1 answer:

stira [4]3 years ago

7 0

So you would do 78,000 * (1.137)^6

The formula is Principal * (1+rate)^number of terms

The answer is 168,522.30

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Answer:

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As for the information provided:

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