Answer:
$128,000
Step-by-step explanation:
Investment historically have doubled every nine years.
If you start with a $2,000 investment.
After 54 years it would be doubled = 54/9 = 6 times
2000 × 2 × 2 × 2 × 2 × 2 × 2 = $128,000
We can see :
$2,000 after 9 years = $4,000
$4,000 after 18 years = $8,000
$8,000 after 27 years = $16,000
$16,000 after 36 years = $32,000
$32,000 after 45 years = $64,000
$64,000 after 54 years = $128,000
