How much will you accumulated after 35 year? You invest $2,500 today at an interestrate of 20% compounded annually.How much will you accumulate after35 years?

Formula:FV=P×(1+r)n Where:• FVis the future value of the investment.• P is the principal amount…

Answered: You invest $2,500 today at an interest…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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You invest $2,500 today at an interest rate of 20% compounded annually. How much will you accumulate after 35 years?