answersLogoWhite

0


Best Answer

Interest = Principal x Rate x Time (years)

= $1000000 x 0.05 x 75

= $3750000

$3750000 + $1000000 = $4750000

Answer: $1M will be $4.75M at 5% interest after 75 years

User Avatar

Wiki User

โˆ™ 2012-06-15 07:15:31
This answer is:
User Avatar
Study guides

169

168

167

166

โžก๏ธ
See all cards
3.95
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
151 Reviews

Add your answer:

Earn +20 pts
Q: What would one million dollars be worth at 5 percent interest after 75 years?
Write your answer...
Submit
Still have questions?
magnify glass
imp
People also asked