Register

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

You own $1000 of stock that increases at a rate of 12% compounded annually. how much will the stock be worth in 10 years?
asked 153k views
2 votes
you own $1000 of stock that increases at a rate of 12% compounded annually. how much will the stock be worth in 10 years?

asked
User Joel Rondeau
by
7.9k points

1 Answer

1 vote
1000 x 1.012 ^10 = 1126.691778
the answer is $1126.69
answered
User Radhakrishnan Vivek
by
8.1k 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
How do you estimate of 4 5/8 X 1/3
Link Copied!