You bought $2,000 worth of stock. You were told that it will earn 7% a year. How much will it be worth after 25 years? Assume you do not take any money out of the stock. a $10,850.87 $10,140.73 $10,854.87 $10,144.73

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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You bought $2,000 worth of stock. You were told that it will earn 7% a year. How much will it be worth after 25 years? Assume you do not take
any money out of the stock.
a
$10,850.87
b
$10,140.73
$10,854.87
d.
$10,144.73
Transcribed Image Text:You bought $2,000 worth of stock. You were told that it will earn 7% a year. How much will it be worth after 25 years? Assume you do not take any money out of the stock. a $10,850.87 b $10,140.73 $10,854.87 d. $10,144.73
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