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You inherited $12,000 from your Great-Uncle Michael. If you invest it and average an 8% annual rate of return, compounded annually, how much will you have in 20 years?
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You inherited $12,000 from your Great-Uncle Michael. If you invest it and average an 8% annual rate of return, compounded annually, how much will you have in 20 years?
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Jun 13, 2021
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You inherited $12,000 from your Great-Uncle Michael. If you invest it and average an 8% annual rate of return, compounded annually, how much will you have in 20 years?
Mathematics
middle-school
Nikolin
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I think the answer is 19,200
Chrisofspades
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Jun 17, 2021
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