If you invest $200 at 7.3% annual rate of return, and leave it be, what will be the value of your investment in 8 years?
If you invest $200 at 7.3% annual rate of return, and leave it be, what will be the value of your investment in 8 years
FV=200(1+.073)^8
FV=200 X 1.75710
FV=$351.42
