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9 November, 14:48

The average annual stock return is 11.3%. If you begin your investment portfolio with $2,000, what will your portfolio be worth in 30 years if the average holds?

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  1. 9 November, 15:02
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    6780$

    Explanation:

    We first find 11% of 2000 by the following equation

    2000 x. 11

    From this we get the annual interest 226$

    226$ x 30 = $6780
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