Invement increae exponentially by about 26% every 3 year if you made a 2,000$ invement how much money would you have after 45 year

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16-12-2022
Mathematics

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Invement increae exponentially by about 26% every 3 year if you made a 2,000$ invement how much money would you have after 45 year

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debjitbhowal4568 debjitbhowal4568 · Answer 1 · 2022-12-25T14:42:40-05:00

money would you have after 45 year = $ 64060.18

What is investment?

Investments are financial commitments made to acquire assets in the hopes that their value would rise over time. Investment necessitates the loss of a current resource, such as time, money, or effort. In the world of finance, investing is done in order to profit from the asset being put to use.

Given,

Investment increae exponentially = 26% every 3 year

made money = 2000$

we know the formula as:

Future value can be give by,

FV = P ( 1+r)/t

= 2000$ ( 1 +26/100)45/3

=$ 64060.18

money would you have after 45 year = $ 64060.18

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