Ask Question
12 September, 03:50

Steve is considering investing $3,600 a year for 40 years. how much will this investment be worth at the end of the 40 years if he earns an average annual rate of return of 11.6 percent? assume steve invests his first payment of the end of this year.

+4
Answers (1)
  1. 12 September, 04:15
    0
    A=3,600 * ((1.116) ^ (40) - 1) : 0.116)

    A=2,471,685.698
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Steve is considering investing $3,600 a year for 40 years. how much will this investment be worth at the end of the 40 years if he earns an ...” 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