Register
$100,000 for 20 years compounded at 4% annually results in a rate per period of:
203k views
4 votes
$100,000 for 20 years compounded at 4% annually results in a rate per period of:

User Sunil Tc
by
7.8k points

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
by
7.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.0m questions

11.6m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
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)
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
Link Copied!