Amazingly Awesome Internet Stuff Corp.’s stock has increased in value over the last 5 years at a rate of 28.4% annually. If you had invested $2,000 in the company’s stock 5 years ago, how much would it be worth today?

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.CT: Chapter Test
Problem 14CT
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Amazingly Awesome Internet Stuff Corp.’s stock has increased in value over the last 5 years at a rate of 28.4% annually. If you had invested $2,000 in the company’s stock 5 years ago, how much would it be worth today?
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