Third: 20% = 0.20×2,000,000 = $400,000
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- An angel investor allocated $2,000,000 across 4 early-stage biotech startups. The first received 30%, the second 25%, the third 20%, and the remainder to the fourth. If the fourth startup’s funding was used to grow at a compound rate of 20% annually, what was its value after 3 years?
- First: 30% of 2,000,000 = 0.30×2,000,000 = $600,000
- Second: 25% = 0.25×2,000,000 = $500,000
- Fourth: 100% – (30+25+20) = 25% → 0.25×2,000,000 = $500,000
- Using compound growth: A = P(1 + r)^t = 500,000×(1.20)^3
- #### 864000
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