Some investments in the stock market have earned 10% annually. At this rate, earnings can be found
using the formula A=P(1.10)^n , where A is the total value of the investment, P is the initial value of the investment, and n is the number of years the money is invested. If $1,500 is invested in the stock market at this annual rate of return, what is the expected total value after 18 years?

Question

Some investments in the stock market have earned 10% annually. At this rate, earnings can be found
using the formula ￼A=P(1.10)^n , where A is the total value of the investment, P is the initial value of the investment, and n is the number of years the money is invested. If $1,500 is invested in the stock market at this annual rate of return, what is the expected total value after 18 years?

anonymous · Answer

Please I really need help, I will give medal and fan

misty1212 · Answer

$$1500\times (1.1)^{18}$$ and a calculator

anonymous · Answer

8339 dollars. Thank you so much :)

misty1212 · Answer

$$\color{magenta}\heartsuit$$