Using the present value formula:
FV = $500 x (1 + 0.08)^3 = $500 x 1.25971 = $629.86
Using the ROI formula:
If the initial investment is $300, what is the return on investment (ROI)?
Using the present value formula:
FV = $500 x (1 + 0.08)^3 = $500 x 1.25971 = $629.86
Using the ROI formula:
If the initial investment is $300, what is the return on investment (ROI)?
Using the present value formula:
FV = $500 x (1 + 0.08)^3 = $500 x 1.25971 = $629.86
Using the ROI formula:
If the initial investment is $300, what is the return on investment (ROI)?
