The amount of money I would have after 45 years with an exponential increase is $64,060.18.
Given:
invezstments increwase by 26%
time = 3 years
investment amount = 2000
To Find:
amount of money after 45 years
The formula for calculating future value:
FV = P(1+r)^n
FV Future value
• N = number of years = 45 / 3 = 15 years
$2000 x (1.26)^15 = $64,060.18
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