If you invest 15000 in the stock market today and it returns

\"If you invest $15,000 in the stock market today, and it returns 12% on average over 8 years, how much will you have in 8 years. Round to the nearest dollar.\" \"$5,957 \" \"$6,058 \" \"$37,139 \" \"$37,773 \"

Solution

After 8 years $15000would become

15000(1+0.12)^8=$37139

The third option is correct.