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kemileywenMarine
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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?

Verified Answer :

MissPhiladelphia

For the answer to the question above asking what is the expected total value after 18 years?p=invested=2500
n=number of years=18

so
a=2500(1.1)^18
Use the formula in solving this
(1.1)^18=5.55991731349 first then
a=2500(5.55991731349)
So the answer to the question above is
a=13,899.793283725
or 13,900 if rounded off

emilybrown0812

Answer:

C. $8,339.88

Explanation:

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