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Before Sarah does open her account, she sees her grandmother for the holidays. Grandma wants to contribute to Sarah’s ROTH and even matches her contribution, giving her an additional $500 to invest. Now that Sarah has an initial investment of $1000, how much would Sarah have at age 68 based on her predicted rate of return from historical data

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Respuesta :

Answer:

2,9457

Step-by-step explanation:

100+7% = 1.07

(1.07)^50 = 29.45702506

y = 1000(29.46)

y = 29,460

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