Tim invests $20,000 into a fund with an annual return of 5%. What is his function afte 10 years?

I found an answer from en.wikipedia.org
AOL - Wikipedia
AOL is an American web portal and online service provider based in New York City. It is a ... Under his leadership, the company invested in media brands and advertising technologies. ... After the company parted ways with Apple in October 1989, Quantum ... Within three years, AOL's user base grew to 10 million people.
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I found an answer from www.reddit.com
Estimating the 30 year return of Vanguard's 100% life strategy fund ...
I'n been considering investing in the all stock life strategy fund based on advise given ... on the growth of the fund - which seems to be approx 10% per year over the past five. ... After 2 years, I was still -£1000 deep (16k starting salary, now at 20k) and it ... I have a 5-year fix with NatWest that I can overpay by 10% per year.
For more information, see Estimating the 30 year return of Vanguard's 100% life strategy fund ...
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Tim invests $20,000 with an annual return of 5% each year.
So, when t = 0, f(0) = 20,000(1+0)because interest is zero.
when t = 1, f(1) = 20,000(1+0.05) = 20,000(1.05)
when t = 2, f(2) = 20,000 (1.05)(1.05) = 20,000 (1.05)^{2}
when t = 10, f(10) = 20,000 (1.05)^{10} = $ 32,577.89
or we can use the compound interest formula is given by
A = P(1+ \frac{r}{n})^{nt}
Plugging in P = $20,000, r = 5% = 0.05 , t = 10 years, and n = 1 (since the interest is compounded only once, annually. So, we get
A =20,000(1+ 0.05)^{10} = $ 32,577.89
Which means that after 10 years, there will be $32,577.89 in Tim's account.
I found an answer from www.quora.com
Is investing in the stock market worth it? - Quora
After all, we have all heard testimonies of those who invested in the proper ... If a person invested $1000 in a stock in year one and the stock price ... average annual return of 10%, but the fact is what they are referring to is the ... This means that the net rate of return for stocks is 8.6% and that for mutual funds is around 5 %.
For more information, see Is investing in the stock market worth it? - Quora
I found an answer from finance.yahoo.com
Why Apple CEO Tim Cook Invested in a Shower Head
Jan 21, 2020 ... (Bloomberg) -- Tim Cook rarely invests his time and money in ... he tried a prototype shower head at his local gym about five years ago, ... After installing the shower head early in the morning, he'd wait ... Finance Premium | Try it free ... to deliver a five-year annualized total return of 17.3% through Feb. 12.
For more information, see Why Apple CEO Tim Cook Invested in a Shower Head
I found an answer from en.wikipedia.org
AOL - Wikipedia
AOL is an American web portal and online service provider based in New York City. It is a ... Under his leadership, the company invested in media brands and advertising technologies. ... After the company parted ways with Apple in October 1989, Quantum ... Within three years, AOL's user base grew to 10 million people.
For more information, see AOL - Wikipedia
I found an answer from www.quora.com
Is investing in the stock market worth it? - Quora
After all, we have all heard testimonies of those who invested in the proper ... If a person invested $1000 in a stock in year one and the stock price ... average annual return of 10%, but the fact is what they are referring to is the ... This means that the net rate of return for stocks is 8.6% and that for mutual funds is around 5 %.
For more information, see Is investing in the stock market worth it? - Quora
I found an answer from www.reddit.com
Estimating the 30 year return of Vanguard's 100% life strategy fund ...
I'n been considering investing in the all stock life strategy fund based on advise given ... on the growth of the fund - which seems to be approx 10% per year over the past five. ... After 2 years, I was still -£1000 deep (16k starting salary, now at 20k) and it ... I have a 5-year fix with NatWest that I can overpay by 10% per year.
For more information, see Estimating the 30 year return of Vanguard's 100% life strategy fund ...
I found an answer from finance.yahoo.com
Why Apple CEO Tim Cook Invested in a Shower Head
Jan 21, 2020 ... (Bloomberg) -- Tim Cook rarely invests his time and money in ... he tried a prototype shower head at his local gym about five years ago, ... After installing the shower head early in the morning, he'd wait ... Finance Premium | Try it free ... to deliver a five-year annualized total return of 17.3% through Feb. 12.
For more information, see Why Apple CEO Tim Cook Invested in a Shower Head
I found an answer from www.quora.com
Is investing in the stock market worth it? - Quora
After all, we have all heard testimonies of those who invested in the proper ... If a person invested $1000 in a stock in year one and the stock price ... average annual return of 10%, but the fact is what they are referring to is the ... This means that the net rate of return for stocks is 8.6% and that for mutual funds is around 5 %.
For more information, see Is investing in the stock market worth it? - Quora
I found an answer from finance.yahoo.com
Why Apple CEO Tim Cook Invested in a Shower Head
Jan 21, 2020 ... (Bloomberg) -- Tim Cook rarely invests his time and money in ... he tried a prototype shower head at his local gym about five years ago, ... After installing the shower head early in the morning, he'd wait ... Finance Premium | Try it free ... to deliver a five-year annualized total return of 17.3% through Feb. 12.
For more information, see Why Apple CEO Tim Cook Invested in a Shower Head