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You choose to invest your $ 3,360 income tax refund check (rather than spend it) in an account earning 6 % compounded annually. How much will the account be worth in 30 years? (…

You choose to invest your $ 3,360 income tax refund check (rather than spend it) in an account earning 6 % compounded annually. How much will the account be worth in 30 years? (…
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You choose to invest your $ 3,360 income tax refund check (rather than spend it) in an account earning 6 % compounded annually. How much will the account be worth in 30 years? (Use the T

User Jay Hewitt
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Answer:

$3,360(1.06^30) = $19,298.13

User Yehudis
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