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How much is a one time investment of 250 be when invested at 6% for 40 years in compound annually

How much is a one time investment of 250 be when invested at 6% for 40 years in compound annually
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How much is a one time investment of 250 be when invested at 6% for 40 years in compound annually

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User MaxSC
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8.1k points

1 Answer

5 votes

Hi

6% increase is multiply by 1,06

done 40 times

so : 250* 1,06^40 = 2571 ,

answered
User John Skiles Skinner
by
7.8k points
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