investments historically have doubled every 9 years. If you start will a $2,000 investment, how much money would you have after
45 years?
1 answer:
Answer:
$64,000
Step-by-step explanation:
Friday, 45 / 9 = 5
So the investment will double 5 times
First time
2,000 (starting investment) × 2 = 4000
Second time
4000 × 2 = 8000
Third time
8000 × 2 = 16000
Fourth time
16000 × 2 = 32000
Fifth and final time
32000 × 2 = 64000
$64,000
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