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kevin opens a savings account with $750. the interest rate is 5%, compounded annually. How much money will he have in his account after 20 years, assuming he does not touch the money during that time frame?
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kevin opens a savings account with $750. the interest rate is 5%, compounded annually. How much money will he have in his account after 20 years, assuming he does not touch the money during that time frame?

User Vallabha Vamaravelli
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If he does not touch the money at all, he will be given $1989.97 at the end if compounded annually.
User Jwfearn
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