Twenty years ago,you began investing $2,000 a year.Because your investments earned an average of 8 percent a year,your investment portfolio has a current dollar value of $92,000.How much did you earn on your investments over the 20-year period of time?
A)$2,000
B)$40,000
C)$52,000
D)$92,000
E)$132,000

Question

Quizplus · Accepted Answer

2,000 F1F1F1S1F1F1F1020 years = 40,000; 92,000 - 40,000 = $52,000.

Twenty Years Ago,you Began Investing $2,000 a Year