Ask Question
1 January, 20:01

You just invested $1000 in an account that returns 5% per year. After 50 years, when you are old and gray, what will be the value of your investment?

+2
Answers (1)
  1. 1 January, 20:03
    0
    You just invested $1000 in an account that returns 5% per year. After 50 years, when you are old and gray, what will be the value of your investment?

    $3500

    Explanation:

    investment = $1000

    5% of 1000 = $50 per year

    After 50 years, it would be 50 X 5 = $2500

    The total value of investment after 50 years would now be capital + profit

    $2500 + $1000 = $3500
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “You just invested $1000 in an account that returns 5% per year. After 50 years, when you are old and gray, what will be the value of your ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers