Register

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 y…

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 y…
33.9k views
5 votes
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
8.6k points

1 Answer

0 votes

Answer:

$3000

Explanation:

$2000×5/×30

$1000×3=$3000

User Zerocog
by
8.4k points
← Prev Question Next Question →

No related questions found

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

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!