Nancy cardoza invested $3,300 in exxonmobil stock because her research indicated the company should average a return for investors of 9 percent over the next 5 years. if exxonmobil investors do earn 9 percent each year, what will her $3,300 investment be worth at the end of 5 years? use exhibit 1-a.

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Business

Juliet Alvarez

11 March, 06:02

Nancy cardoza invested $3,300 in exxonmobil stock because her research indicated the company should average a return for investors of 9 percent over the next 5 years. if exxonmobil investors do earn 9 percent each year, what will her $3,300 investment be worth at the end of 5 years? use exhibit 1-a.

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Kathy Hodges · Answer 1

Exhibit : If Nancy Cardoza invested $3300 with an average return of 9% every year, her investment will be worth $ 5077 at the end of five years as illustrated below. Year 1 Year 2 Year 3 Year 4 year 5 3300 3300 3597 3920.73 4273.5957 4658.219313 297 323.73 352.8657 384.623613 419.2397382 3300 3597 3920.73 4273.5957 4658.219313 5077.459051