SOLUTION: Some investments in the stock market have earned 10% annually. The total value of the investment, A, at this rate can be found using A=P(1.10)^n, where P is the initial value of th
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Question 826923: Some investments in the stock market have earned 10% annually. The total value of the investment, 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 $1000 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 by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Some investments in the stock market have earned 10% annually. The total value of the investment, 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 $1000 is invested in the stock market at this annual rate of return, what is the expected total value after 18 years?
----
A(18) = 1000(1.1)^18 = $5,559.92
Cheers,
Stan H.
==============
A.4,054.47
b.5,559.92
c.18,700.00
d.19,800.00
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