On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial investment. He projects that the investment will earn 10% per year. Based on these assumptions, how much money should Jordan expect to have when he turns 60?
Question 7 options:
$452,592.56
$278,582.56
$427,986.56
$438,478.56
$397,567.56
$301,578.66