Question

$6,000, e ent interest rate? (Annuit.. its of ient) 4. If you invest $100,000 today and earn 15 percent annual return on your investment for 30 years, what is the value of your investment 30 years later? (Future Value)

Answer 1

We use the formula:
A=P(1+r/100)^n
where
A=future value
P=present value
r=rate of interest
n=time period.

A=$100,000*(1.15)^30

=$100,000*66.211772

=$6621177.2(Approx).