Some investments in the stock market have earned 10% annually. The total value of the investment, A, at this rate can be found using A = P(1.10)", where P is the initial value of th investment, and n is the number of years the money is invested. If $1,000 is invested in the stock market at this annual rate of return, what is the expected total value after 18 years? O$4,054.47 OS5,559.92 Os18,700.00 O$19,800.00
Some investments in the stock market have earned 10% annually. The total value of the investment, A, at this rate can be found using A = P(1.10)", where P is the initial value of th investment, and n is the number of years the money is invested. If $1,000 is invested in the stock market at this annual rate of return, what is the expected total value after 18 years? O$4,054.47 OS5,559.92 Os18,700.00 O$19,800.00
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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![Some investments in the stock market have earned 10% annually. The total value of the
investment, A, at this rate can be found using A = P(1.10)", where P is the initial value of the
investment, and n is the number of years the money is invested. If $1,000 is invested in the
stock market at this annual rate of return, what is the expected total value after 18 years?
O$4,054.47
O 5,559.92
O$18,700.00
Os19,800.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd97a539a-affa-4f8c-9355-d380d5139730%2Fbf3ca553-5786-4219-8ad9-e57084e82c67%2Fu4traxb_processed.png&w=3840&q=75)
Transcribed Image Text:Some investments in the stock market have earned 10% annually. The total value of the
investment, A, at this rate can be found using A = P(1.10)", where P is the initial value of the
investment, and n is the number of years the money is invested. If $1,000 is invested in the
stock market at this annual rate of return, what is the expected total value after 18 years?
O$4,054.47
O 5,559.92
O$18,700.00
Os19,800.00
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