What amount is accumulated after 25 years

Reference no: EM13188973

Albert Einstein once noted that" compounding of interest is one of humanity's greatest inventions". to illustrate the mind-boggling effects of compounding suppose $100 is invested at the end of each year for 25 years at i=50% per year. In this case, the accumulated sum is $5,050,000! Now it is your turn. What amount is accumulated after 25 years if the interest rate is 30% per year.?

Reference no: EM13188973

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