Question

Investments increase exponentially by
26% every 3 years. If you start with a
$2,000 investment, how much money would you have after 45 years?
would you have after 45 years?
First, complete the equation:
Future Amount = 2,000 (1 + [?])
Enter

Answer 1

The amount of money I would have after 45 years with an exponential increase is  $64,060.18.

What is the future value of $2000?

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value

• P = Present value
• R = interest rate
• N = number of years = 45 / 3 = 15 years

$2000 x (1.26)^15 = $64,060.18

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