I NEED HELP WITH THIS MATH PROBLEM THANK YOU
The specific stock SPX:IND, which is an abbreviation for the S&P 500 stock is like a collection of 500 companies’ stocks combined. It is one of the most popular stocks to buy or sell, in fact you might see it scrolling on the bottom of the screen during a news broadcast on television. As of when this project was written, the 1 Year Return was at +24.67%, which is quite high. The 1 year return refers to the percentage of the stock’s increase or decrease based on the price of the stock calculated exactly 1 year ago. So if someone was to invest $1000.00 into that stock exactly one year ago, then a 24.67% year to date return means that your money would have increased by $246.70. Alright, now let’s use this example and test the equations we have above.

-Let’s say we wanted to find the amount of interest you would get in only the 4th year if the annual interest was a consistent 24.67% and we initially put in $1000.00 into the investment. Which equation do we use? And once you know that, what is the interest? Use the following space to complete your work:



-Great work. Now let’s find the total amount of the investment after the 4 years. Remember first we need to find the total interest gained by using the sum equation above, then add that to the initial investment. Do that work here:



-Great work! Okay, in this next section we’re going to use the skills you’ve learned and you’re going to find some stocks yourself