Register

If you deposit $2000 a year for 30 years into a bank account, with 3% interest compounded annually how much will you have after 30 years

If you deposit $2000 a year for 30 years into a bank account, with 3% interest compounded annually how much will you have after 30 years
184k views
1 vote
If you deposit $2000 a year for 30 years into a bank account, with 3% interest compounded annually how much will you have after 30 years

User Tikotzky
by
7.7k points

1 Answer

4 votes

Answer:

The answer is $4854.52

Explanation:

2000(1.03)∧30=4854.52

User Titianne
by
7.8k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!