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18 August, 17:19

Twenty years ago, you began investing $250 a month. because your investments earned an average of 8 percent a year, your investment portfolio has a current dollar value of $145,000. how much did you earn on your investments over the 20-year period of time?

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  1. A
    18 August, 18:41
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    You invest $250/mo. over 12 months that equals $3,000 invested per year.

    $250*12=$3,000/per year invested

    $3,000 per year for 20 years equals $60,000 invested.

    $3,000*20=$60,000 invested

    8% of $60,000 is $4,800/per year.

    0.08*$60,000=$4,800

    $4,800 per year for 20 years equals $96,000 dollars earned on investments over 20 years.
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