<PRE><B>Question 826923</B>
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?
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A(18) = 1000(1.1)^18 = $5,559.92
Cheers,
Stan H.
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A.4,054.47
b.5,559.92
c.18,700.00
d.19,800.00
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