67.4k views
1 vote
Salvador inherited $20,000 and he plans to invest it into a savings account that earns 6% interest compounded annually. Assuming he makes no additional deposits or withdrawals, what will be the total value of Salvador’s account after 10 years?

User Jim Blandy
by
4.4k points

1 Answer

7 votes
15,000 good Luck! And that’s a lot of money
User Ash Burlaczenko
by
5.1k points