A = 5000 (1.12)^20
= 5000 * 9.646293
= 48,231.47
Some investments in the stock market have earned 12% annually. At this rate, earnings can be found using the formula A = P(1.12)^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 $5000 is invested in the stock market at this annual rate of return, what is the expected total value after 20 years?
1 answer
1 answer