Question

On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial investment. He projects that the investment will earn 10% per year. Based on these assumptions, how much money should Jordan expect to have when he turns 60?
Question 7 options:


$452,592.56


$278,582.56


$427,986.56


$438,478.56


$397,567.56


$301,578.66

Answer 1

Answer:

452592.56

Explanation:

10000(1.1)^40=452592.555682