Register

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?

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?
asked 111k views
2 votes
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?

asked
User Emmanuel Guerra
by
8.4k points

1 Answer

3 votes
If that is the only investment you make, its value will be
$3,000·(1.06)^40 ≈ $30,857.15
answered
User Slimak
by
7.8k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!