Question:
How much will $100,000 grow to in 30 years at a 5% and 8% annual return?
Annual Return:
The annual return or annualized return is the return earned by an individual from their investment in stocks, bonds, fixed deposits or any other securities/assets over a year. It is expressed as a percentage. The return can be in the form of interest, dividends, capital appreciation, etc. If the annual return is positive, the investor earns a profit, and if it is negative, the investor sustains a loss. The annual rate of return from an investment depends upon the associated risks.
Answer and Explanation:1
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The amount of $100,000 will grow to $432,194.24 after 30 years at a 5% annual return.
The amount of $100,000 will grow to $1,006,265.69 after 30 years...
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