if you invested $30 in a single stock 40 years ago and it grew 25% annually,...

Question

Question

if you invested $30 in a single stock 40 years ago and it grew 25% annually, what would the stock be worth today? use the exponential growth equation

business economics

Answer 1

Answer #1

Exponential growth formula

Y = I * (1 + R)^T

Y = Stock worth Today

I = Intial Value

R = Growth Rate

T= Time Period

Y = 30(1+ 0.25)^40 = 2,25,694.915

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Answer 2

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