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The exponential rise in balance on an initial investment of $3,000 over 25 years at 2.5% apr. after 20 years about how much interest has the investment earned

The exponential rise in balance on an initial investment of $3,000 over 25 years at 2.5% apr. after 20 years about how much interest has the investment earned
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The exponential rise in balance on an initial investment of $3,000 over 25 years at 2.5% apr. after 20 years about how much interest has the investment earned

User Mlabarca
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1 Answer

6 votes
Fv=3000(1+0.025)^25=5,561.83
User AMGMNPLK
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