Re: How much money will i have after 3 years?
Not sure I completely get what you are asking but...
$500 x 12 months = $6000 + the initial 8k = 14k after first year.
50% return on 14k = 7k
21k beginning of year 2 plus $6k = $27k + 13.5k = 40.5k
40.5k beginning of year 3 plus $6k = 46.5k + 23.25k =
$69,750
AMIRITE?
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