Register
Suppose $20,000 is deposited into an account paying 4.5% interest, compounded annually. How much money is in the account after four years if no withdrawals or additional deposits are made? $24,100.00 $23,
112k views
4 votes
Suppose $20,000 is deposited into an account paying 4.5% interest, compounded annually.

How much money is in the account after four years if no withdrawals or additional deposits are made?
$24,100.00
$23,850.37
$23,600.00
$24,350.52

User Subin Mathew
by
8.3k points

1 Answer

2 votes

Answer: 23,850.372

Explanation:

User Sawan Patodia
by
8.7k points
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
How do you estimate of 4 5/8 X 1/3
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
Link Copied!