You deposit $2500 in an account earning 3% interest. Find the amount in 20 years if the money compounds ANNUALLY.

asked May 20, 2023 41.9k views

0 votes

You deposit $2500 in an account earning 3% interest.

Find the amount in 20 years if the money compounds ANNUALLY.

4.9k points

Please log in or register to add a comment.

5 votes

Answer:

$4,515.28

Explanation:

In 20 years you will have $4,515.28 If there is a 3% interest rate

LachlanG answered May 24, 2023

5.6k points

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

6.0m questions

7.8m answers