You invest $500 in a fund that has shown to have a mean annual increase of $120 per year. If you leave your initial investment in the account, and invest no additional funds, how much will your account be worth at the end of 25 years?

Respuesta :

Answer:

3500

Explanation:

120 x 25 = 3000 + 500 = 3500

In finance, the purpose of investing is to make a profit from the investment.

What do you mean by Investment?

An investment is a commitment to assets to increase value over time. Investing requires the sacrifice of some existing asset, such as time, money, or effort.

As per the information, 120 dollars will increase every year for 25 years with an investment value of 500 dollars.

Therefore, the amount that the account be worth at the end of 25 years will be 500 + (120 * 25)  equal to 3500.

To learn more about investment, refer:

https://brainly.com/question/25504767

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