You deposit $2000 in a retirement account that earns 5% annual interest. You repeat this deposit yearly for 30 years. How much money do you have in your account after you make your final deposit?

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Myungjin asked May 17, 2022

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You deposit $2000 in a retirement account that earns 5% annual interest. You repeat this deposit yearly for 30 years. How much money do you have in your account after you make your final deposit?

Mathematics
college

Myungjin asked May 17, 2022

by Myungjin

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15 votes

Answer:

$3000

Explanation:

$2000×5/×30

$1000×3=$3000

Onalbi answered May 23, 2022

by Onalbi

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