Question

You deposit $200 into the stock market. Every year your stock market account increases by 12 %. You leave

the money in the account for 5 years. Fill in the values for the exponential growth formula. Round your money
answers to the nearest dollar.

Answer 1

$352

Explanation:

200(1+0.12)^5 = 352.47

200 is your initial value and increases by 12% so 200(1+0.12)^5 using 5 for the number of years. You'll have $352 after those five years with stocks increasing at 12%.