To find the expected total value after 18 years, we can use the formula A=P(1.10)^n and substitute the given values:
A = $2,500(1.10)^18
A = $2,500(6.7275)
A = $16,818.75
Therefore, the expected total value after 18 years would be $16,818.75.
Some investments in the stock market have earned 10% annually. At this rate, earnings can be found 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 if years the money is invested. If $2,500 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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