Please help!
U.S. small company stocks have returned an average of 14.9% annually for the last 50 years. Use Present value formula P=A(1+r)-n the( -n is the exponent) Find the amount invested today in small company stocks that would be worth $1 million in 50 years assuming that small company stocks continue to return 14.9% annually for the nex 50 years. I have tried everthing but I can figure the correct plug-ins. Pleas help!!!! It is due today.
U.S. small company stocks have returned an average of 14.9% annually for the last 50 years. Use Present value formula P=A(1+r)-n the( -n is the exponent) Find the amount invested today in small company stocks that would be worth $1 million in 50 years assuming that small company stocks continue to return 14.9% annually for the nex 50 years. I have tried everthing but I can figure the correct plug-ins. Pleas help!!!! It is due today.