Initial Savings (Principal): $10,000.00 (starting with some initial savings). Target Savings Goal: $200,000.00. Time to Save: 8

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Initial Savings (Principal): $10,000.00 (starting with some initial savings). Target Savings Goal: $200,000.00. Time to Save: 8 years. Annual Interest Rate: 5% (0.05). %DM = f(I$, F$) %DM=f(10,000, 200,000.00) %DM = (F$-I$) / I$) x 100% %DM= (200,000.00-10,000)/10,000) x 100% %DM = (190,000/10,000) x 100% %DM =1900% So, with the provided parameters, the percentage gain (%DM) over 8 years with a 5% annual interest rate, starting with an initial savings of $10,000 and reaching a target savings goal of $200,000, is 1900%. This represents a significant increase in the investment value over the saving period. is this correct