Suppose you deposit $2,000 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn, determine how much will be in the account after 18 years.

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asked Jan 15, 2020 186k views

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Suppose you deposit $2,000 in a savings account that pays interest at an annual rate of 4%. If no money is added or withdrawn, determine how much will be in the account after 18 years.

Mathematics
high-school

Michael Miner asked

by Michael Miner

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Answer:

i think is it $4051.63 in 18 years.

i did all the math on a paper but i lost the paper but hopefully this is the answer

Aaron Villalobos answered Jan 19, 2020

by Aaron Villalobos

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