You invest $3,000 into the S&P 500 stock index for 30 years and earn an 8% compound

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You invest $3,000 into the S&P 500 stock index for 30 years and earn an 8% compound annual interest rate. Using the following formula FV = PV (1+r)ⁿhow much will you have in 30 years?

Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-1337395250

15th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Apr 20, 2024 02:18 PM

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You invest $3,000 into the S&P 500 stock index for 30 years and earn an 8% compound

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The formula is already given as PV 1 ... View the full answer

Fundamentals of Financial Management

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