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slega [8]
3 years ago
12

You just invested $1000 in an account that returns 5% per year. After 50 years, when you are old and gray, what will be the valu

e of your investment?
Business
2 answers:
dolphi86 [110]3 years ago
5 0

Answer:

You just invested $1000 in an account that returns 5% per year. After 50 years, when you are old and gray, what will be the value of your investment?

$3500

Explanation:

investment= $1000

5% of 1000= $50 per year

After 50 years, it would be 50 X 5= $2500

The total value of investment after 50 years would now be capital + profit

$2500 + $1000= $3500

nikitadnepr [17]3 years ago
3 0
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