Using the formula A=P(1.10)^(n), where A is the total value of the investment, P is the initial value of the investment, and n is the number of years the money is invested. If $15,000 is invested in the stock market at this annual rated of return, what is the expected total value after 19 years?

Answer 1

To find the expected total value after 19 years, we need to substitute the given values into the formula A = P(1.10)^n.

P = $15,000
n = 19

Using the formula, we have:

A = 15000(1.10)^19

Let's calculate the result using this formula.