OpenStax, Contemporary Mathematics §6.7 Investments · Example 2 · Arithmetic · Money & interest
Investments · Example 2
Haniah buys stock in the ABC company, investing a total of $13,000. She expects the stock to grow, through stock price increase and reinvestment of dividends, by 12.3% per year and compounded annually. If she leaves that money invested, how much will the stocks be worth in 20 years?
OpenStax, Contemporary Mathematics · §6.7 Investments · Example 2
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