Ask Question
8 September, 22:15

Ryan miller would like to buy a condo in florida in six years. he is looking to invest $78,000 today in a stock that is expected to earn a return of 13.7 percent annually. how much will he have at the end of six years?

+4
Answers (1)
  1. 9 September, 00:23
    0
    So you would do 78,000 * (1.137) ^6

    The formula is Principal * (1+rate) ^number of terms

    The answer is 168,522.30
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Ryan miller would like to buy a condo in florida in six years. he is looking to invest $78,000 today in a stock that is expected to earn a ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers