Use the graph below to answer the following questions. What is the approximate final value of $10,000 invested for 40 years at 8% APR compounded annually? How many times larger is the final value of $10,000 invested for 50 years at 8% APR compounded annually versus 5% APR compounded annually?Extracted text: 500,000 $475,000 450,000 400,000 350,000 300,000 $10,000 invested 250,000 at 8% APR 200,000 150,000 - $115,000 100,000 50,000 $10,000 invested at 5% APR 10 20 30 40 50

Use the graph below to answer the following questions. What is the approximate final value of $10,000 invested for 40 years at 8% APR compounded annually? How many times larger is the final value of...

Use the graph below to answer the following questions.

What is the approximate final value of $10,000 invested for 40 years at 8% APR compounded annually?

How many times larger is the final value of $10,000 invested for 50 years at 8% APR compounded annually versus 5% APR compounded annually?

500,000<br>$475,000<br>450,000<br>400,000<br>350,000<br>300,000<br>$10,000 invested<br>250,000<br>at 8% APR<br>200,000<br>150,000<br>- $115,000<br>100,000<br>50,000<br>$10,000 invested<br>at 5% APR<br>10<br>20<br>30<br>40<br>50<br>

Extracted text: 500,000 $475,000 450,000 400,000 350,000 300,000 $10,000 invested 250,000 at 8% APR 200,000 150,000 - $115,000 100,000 50,000 $10,000 invested at 5% APR 10 20 30 40 50

Jun 11, 2022

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Use the graph below to answer the following questions. What is the approximate final value of $10,000 invested for 40 years at 8% APR compounded annually? How many times larger is the final value of...

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