Asked by Kim
The next morning, Kevin meets with a client who would like to invest $20,000 into an account that pays 3.2% interest, which is compounded annually.
How much money is in the account after 5 years if no withdrawals or additional deposits are made?
How much money is in the account after 5 years if no withdrawals or additional deposits are made?
Answers
Answered by
Scott
20000 (1 + .032)^5
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