$100 at 8% for 20 years

QAmmunity.org

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Tags
Categories
Ask a Question

Guannan He asked Dec 6, 2023

178,289 views

5 votes

$100 at 8% for 20 years

Mathematics
high-school

Guannan He asked Dec 6, 2023

by Guannan He

3.1k points

0 Comments

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Your answer

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

2 Answers

19 votes

Is the answer $466.1

Ray Fix answered Dec 6, 2023

by Ray Fix

2.3k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

17 votes

Answer: $466.1

Explanation:

100*(1.08)^20=

100*4.661=$466.1

Uncool answered Dec 10, 2023

by Uncool

2.7k points

0 Comments

Your comment on this answer:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Ask a Question

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

1.6m questions

2.0m answers

0 Comments

Your comment on this question:

Your answer

2 Answers

0 Comments

Your comment on this answer:

0 Comments

Your comment on this answer:

Other Questions