18. From 1965 to 2018, the S&P 500 stock portfolio has generated an annual average stock return of 9.7% per year. Meanwhile, during those years, Vir Cotto has been investing $1,000 per year into the S&P 500 stock portfolio. How much would be Vir’s investment value by the end of 2018?

1. below $10,000,000.
2. between $10,000,000 and $30,000,000.
3. between $30,000,000 and $50,000,000.
4. between $50,000,000 and $70,000,000.
5. more than $70,000,000.

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