Question
your grandfather father put Br 1,000 into a special deposit to be paid to future grand child 60 years later ,in the year 2000. How much will this deposit be worth in the year 2000 if it has been earning 8 percent interest compounded annually?
Answers
evaluate
1000(1.08)^60
1000(1.08)^60
34
answer
answer
Related Questions
What is the future value of 10,000 invested in 5 years Certificate of deposit at 4%p.a, intrest comp...
Tanya`s grandfather was 8 times older to her 16years ago.He would be 3 times of her age 8 years from...
Compound Interest
A Interest paid on the principal and the interest of
a deposit or loan.
B Perce...
Gene paid a deposit on a leased car. The deposit earns 2.8 percent simple annual interest. At the en...