Asked by Michael
you deposit "3400" in an account with an annual interest of 4.6% for 20 years. how much money be in your account at the end of 20 years
Answers
Answered by
oobleck
assuming compound interest,
3400(1 + 0.046)^20
Fix that if you are using simple interest.
3400(1 + 0.046)^20
Fix that if you are using simple interest.
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