How much money will i have after 3 years?
Ok, i need some help with a math problem regarding stocks and compound returns.
I start with $8,000. I put in $500 a month into my account. I make 50% per year. (In other words, my portfolio at the end of each year is up 50%.)
At the end of 3 years, how much money will i have?
Please show work and thanks in advance! [img]/images/graemlins/smile.gif[/img]
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