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You invest $3,000 into the S&P 500 stock index for 30 years and earn an 8% compound annual interest rate. Using the following formula FV
You invest $3,000 into the S&P 500 stock index for 30 years and earn an 8% compound annual interest rate. Using the following formula FV = PV (1+r)n how much will you have in 30 years?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
