mayopatty067 mayopatty067

12-10-2020
Mathematics

contestada

If Grace were to invest 1000 at age 25 and not withdrawl any money until retirement at age 67 calculate the expected value of her investment. Show your calculations

Respuesta :

12-10-2020

Answer:

9.25% monthly

.095/12 = .0079167

so every month multiply by

1.0079167

y = 1,000 (1.0079167)^(12x)

now just activate your calculator :)

Step-by-step explanation:

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