riley2297 riley2297

08-10-2018
Mathematics

contestada

you own $1000 of stock that increases at a rate of 12% compounded annually. how much will the stock be worth in 10 years?

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coramayg coramayg

08-10-2018

1000 x 1.012 ^10 = 1126.691778
the answer is $1126.69

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