What is the balance after one year on an investment of $20,000 earning 5.2% interest compounded annually? what is the answer

Foreline asked Mar 18, 2022

508,939 views

21 votes

Foreline asked Mar 18, 2022

3.2k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

18 votes

Answer: $21,040

Explanation:

Interskh answered Mar 23, 2022

3.6k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers