Shaun T.

asked • 08/16/16

# I need the formula that answers this question??

I am a stock trader who earns 3% on my account each month.

If I start with an initial investment of 100$, earn 3% growth each month, while also adding an additional 100$ to the account each month, how much would the account be worth in 20 years?

Please, supply the formula you used to reach your answer.

## 2 Answers By Expert Tutors

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Austin S. answered • 08/16/16

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Kenneth S. answered • 08/16/16

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