Ksarim3 Ksarim3

15-06-2024
Mathematics

Answered

Your dad invested $25 for you in 1942 in a fund and you have not withdrawn any money since. If the fund has averaged a return of 8% over the last 74 years, what is the current value of that investment?

Answer :

lorchakirvykirvy lorchakirvykirvy

15-06-2024

F=Prt

F=($25)(0.08)(74)

F=$148

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