Question

some investments in the stock market have earned 10% annually, A, at this rate can be found using A=P(1.10)^n, where P is the initial value of the investment, and n is the number of years the money is invested. if $1,000 is invested in the stock market at this annual rate of return, what is the expected total value after 18 years? A) $4,054.47 B) $5,559.92 C) $18,700.00 D) $19,800.00

Answer 1

A=1000(1.1)^18
A=5559.92 ............