Ask a New Question

If you inherited $25,000 today and invested all of it in a security that paid a 7% rate of return, how much would you have in 25 years?

4 answers

What is
25000(1.07)^25 ?

135685.81.
Is this correct?

yes

thank you.

Ask a New Question or answer this question.

Similar Questions

If you inherited $ 45,000 today and invested all of it in a security that paid a 7 percent rate of return, how much would you
1. 1 answer
If you inherited $ 45,000 today and invested all of it in a security that paid a 7 percent rate of return, how much would you
1. 1 answer
6. The funds paid to the government today for social security taxes area. Used to pay the benefits of those who are currently
1. 1 answer
Aimee inherited $15,000. She chose to invest it in a series of municipal bonds, mutual funds, and money market accounts, which
1. 3 answers

more similar questions