Question

If a nurse deposits $2,000 today in a bank account and the interest is compounded annually at 10 percent, what will be the value of this investment:
a. five years from now?
B. ten years from now?
C. fifteen years from now?
D. twenty years from now?

Answer 1

I will do the first, you do the rest the same way

a) amount = 2000(1.10)^5 = 3221.02

b) ...