Hi,

I am curious how I can calculate the total value of an investment if it is expected to grow at 5% annually over the next 10 years.

Right now, assets are at 13.8 trillion and are expected to grow at 5% over the next ten years. What I tried to do was 13.8*0.05=0.69, 0.69*10=6.9, 13.8+6.9=20.7. However, this is wrong, the answer is actually 22.5 trillion and I have no idea why.

Thanks.