• Cleggory@lemmy.world
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    5 hours ago

    A much better deal for the same cost:

    With an average annual return of 10%, the $2000 investment would have grown exponentially over 24 years. Here’s a breakdown of the calculation:

    Initial Investment: $2000
    Average Annual Return: 10%
    Number of Years: 24
    

    Using a compound interest calculator or formula, we get:

    Outcome: Approximately $24,191.41