Respuesta :
Answer: 10,240
Step-by-step explanation:
2,500 (1 + .60) 3
2,500 (1.60) 3
2,500 x 4.096
10,240
The money would you have after 18 years is 10240.
What is an investment?
An asset formulated or invested in to create wealth and save money from the difficult-gained income or appreciation. Investment meaning exists primarily to acquire an additional basis of income or gain profit from the investment over a specific duration of time.
Given: Investments increase exponentially by approximately 60% every 6 years. If you start with a $2500 Investment.
The money would you have after 18 years
= 2500 (1 + 0.60) 3
= 2500 (1.60) 3
[tex]$= 2500 * 4.096[/tex]
= 10240
Therefore, the money would you have after 18 years is 10240.
To learn more about investment
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