SOLUTION: Suppose an investment of $4,500 doubles in value every ten years. How much is the investment worth after 50 years? I got 45000 but i am not sure if i am correct.

Question 406214: Suppose an investment of $4,500 doubles in value every ten years. How much is the investment worth after 50 years? I got 45000 but i am not sure if i am correct.
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Suppose an investment of $4,500 doubles in value every ten years. How much is the investment worth after 50 years?
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50/10 = 5 doubling periods
2^5 = 32
$4500*32 = $144,000
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Yrs Amt
10 9000
20 18000
30 36000
40 72000
50 144000
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