Asked by Anonymous
If you put away $1000 when you are 21, and you earn 10% per year every year, what will that $1000 have grown to by the time you are 77?
Answers
Answered by
Reiny
time = 77-21 = 50 years
amount = 1000(1.1)^50 = $ 117,390.85
amount = 1000(1.1)^50 = $ 117,390.85
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