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4. You invest 10,000 today. You expect to earn an average return of 7% for the next 20 years. What is a reasonable approximation of the amount you will have in 20 years?

4. You invest 10,000 today. You expect to earn an average return of 7% for the next 20 years. What is a reasonable approximation of the amount you will have in 20 years?
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4. You invest 10,000 today. You expect to earn an average return of 7% for the next 20 years. What is a

reasonable approximation of the amount you will have in 20 years?

User Pravin Raj
by
7.7k points

1 Answer

3 votes

Answer:

$14,000

Explanation:

User Dalibor Frivaldsky
by
8.7k points
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