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$100,000 for 20 years compounded at 4% annually results in a rate per period of:

$100,000 for 20 years compounded at 4% annually results in a rate per period of:
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$100,000 for 20 years compounded at 4% annually results in a rate per period of:

User Sunil Tc
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1 Answer

2 votes
Amount = 100000(1 + 0.04)^20 = 100000(1.04)^20 = $219,112.31
Compound Interest = $219,112.31 - $100,000 = $119,112.31
User Esenti
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