tantienduong3839 tantienduong3839

23-09-2017
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Ryan miller would like to buy a condo in florida in six years. he is looking to invest $78,000 today in a stock that is expected to earn a return of 13.7 percent annually. how much will he have at the end of six years?

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kalinaizzy kalinaizzy

23-09-2017

So you would do 78,000 * (1.137)^6

The formula is Principal * (1+rate)^number of terms

The answer is 168,522.30

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