Question
Three years ago, Pablo invested $3000. In 2 years, he expects to have $2900. If Pablo expects to earn the same annual rate of return
Three years ago, Pablo invested $3000. In 2 years, he expects to have $2900. If Pablo expects to earn the same annual rate of return after 2 years from today as the annual rate implied from the past and expected values given in the problem, then how much does he expect to have in 5 years from today? Three years ago, Pablo invested $2000.00. In 2 years, he expects to have $2880.00. If Pablo expects to earn the same annual rate of return after 2 years from today as the annual rate implied from the past and expected values given in the problem, then in how many years from today does he expect to have exactly $5000.00?(Round the value to 100th decimal)
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