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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?
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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?

User Iswar
by
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1 Answer

0 votes

Answer:

$3000

Explanation:

$2000×5/×30

$1000×3=$3000

User Zerocog
by
6.2k points
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