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10 January, 11:17

You just invested $1000 in an account that returns 5% per year. After 50 years, when you are old and gray, what will be the value of your investment?

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  1. 10 January, 11:52
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    You just invested $1000 in an account that returns 5% per year. After 50 years, when you are old and gray, what will be the value of your investment?

    $3500

    Explanation:

    investment = $1000

    5% of 1000 = $50 per year

    After 50 years, it would be 50 X 5 = $2500

    The total value of investment after 50 years would now be capital + profit

    $2500 + $1000 = $3500
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