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You invest $2,000 in an account that is compounded annually at an interest rate of 5%. You never withdraw money from the account. How much money will be in the account after 4 years? I need to know asap.
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1 vote
You invest $2,000 in an account that is compounded annually at an interest rate of 5%. You never withdraw money from the account. How much money will be in the account after 4 years?

I need to know asap.

User Peter Zhang
by
6.5k points

2 Answers

1 vote
4 years = 2,400
Sorry if I'm wrong
Good luck!
User Akshit Zaveri
by
5.8k points
4 votes
In four years you will have $2,400
User Reid Barton
by
6.6k points
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