Xtracakey3885 Xtracakey3885
  • 10-06-2018
  • Mathematics
contestada

If you invest $3,000 at a 6% interest rate when you are 25 years old how much will you have if you retire at age 65?

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sqdancefan
sqdancefan sqdancefan
  • 18-06-2018
If that is the only investment you make, its value will be
  $3,000·(1.06)^40 ≈ $30,857.15
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