$1000 for 50 years on 5%?
Answer:
Mutual funds have averaged 10-12% over the last 70 years. 5% barely keeps up with inflation.
Horrible, don't invest. It's not even in sync with inflation. Factor that in and you'll end up losing money.
per year.or compounded?
Pffft. That's a losing proposition.
How does it compound?
Contineously, which will yield the highest return will net you.
E=Pe^rt
12182 dollars.
Always consider the Net Present Value of the asset and this deal means you'll end up losing money, bigtime.
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