Register
In 2014 Rose invested $16,000 in a savings account for her newborn son. The account pays 3.6% interest each year. Determine the total value of the account in the year 2032, when her son will go to college.
111k views
0 votes
In 2014 Rose invested $16,000 in a savings account for her newborn son. The account pays 3.6% interest each year. Determine the total value of the account in the year 2032, when her son will go to college.

User Kerox
by
6.8k points

2 Answers

5 votes
16,000 x (1 + .036)^18 = 30240.96
User Bendae
by
6.7k points
4 votes

Answer:

$30240.96

Explanation:

see pic

In 2014 Rose invested $16,000 in a savings account for her newborn son. The account-example-1
User PeqNP
by
6.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.2m questions

9.7m answers

Other Questions

How do you estimate of 4 5/8 X 1/3
Write words to match the expression. 24- ( 6+3)
Please solve the following equation. x-6x=56
whats the most accurate estimation of 65+77
Find the additive inverse of 18/23
Link Copied!