Question: If a small company invest its annual profits in a 1 5 0 0 0 0 stock fund which earns 1 0 percent er year,

If a small company invest its annual profits in a 150000 stock fund which earns 10 percent er year, the amount in the found after 13 years is?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!