Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You invest 20,000$ in the stock market today and you expect a return of 2% quarterly. What do you expect this investment to be worth

You invest 20,000$ in the stock market today and you expect a return of 2% quarterly. What do you expect this investment to be worth in 40 years? How many years will it take for this investment to double in time?
(no calculator)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sustainable Value Creation An Inevitable Challenge To Business And Society

Authors: Teun Wolters

1st Edition

3031353501, 978-3031353505

More Books

Students also viewed these Finance questions

Question

Q.No.1 Explain Large scale map ? Q.No.2 Explain small scale map ?

Answered: 1 week ago