i are Co la 16 3 This graph represents the first hypothetical described in the...
70.2K
Verified Solution
Link Copied!
Question
Statistics
i are Co la 16 3 This graph represents the first hypothetical described in the video Imagine someone invests 10 000 with 7 returns compounding each year for 30 years 1 aran Sun 40000 40000 40000 30000 20000 000 years a Approximately how much does their investment grow in the first 15 years ate 25 000 b Approximately how much does their investment grow between year 15 and 30 80 000 c This investor started with 10 000 and ended up with 74 500 after 30 years just from the growth of that initial investment Now imagine they tried to use savings to reach that same 30 year goal If they start with 10 000 how much would they need to save each year to have 74 500 after 30 years Assume they don t earn interest on savings 4 What is the advantage of starting to invest early ACTIVITY ANALYZE Inequalities in Investing As you ve learned investing is a critical tool for building wealth Unfortunately not everyone has the same opportunities to take advantage of that So who currently benefits from investing Follow the directions on the worksheet to complete this activity
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
