Register
Suppose that you invest $6000 into a high yield savings account that earns 2% annual interest and is compounded monthly. If you do not deposit or withdraw any money from the account, how much money will
192k views
5 votes
Suppose that you invest $6000 into a high yield savings account that earns 2% annual interest and is compounded monthly. If you do not deposit or withdraw any money from the account, how much money will be in the account after 20 years?

User NoobVB
by
7.8k points

1 Answer

7 votes

i will only be adding the answer due to the fact that I have to leave soon and i have been helping people with this all day.

8916 AFTER 20 YEARS

User Ayush Singh
by
8.1k points
← Prev Question Next Question →

Related questions

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

9.5m questions

12.2m answers

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?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!