Waldiv0elyjazzy Waldiv0elyjazzy
  • 21-12-2016
  • Mathematics
contestada

How much will a $50 deposit made today be worth in 20 years if interest is compounded annually at a rate of 10 percent?

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alex3245
alex3245 alex3245
  • 21-12-2016
End Interest =  50x1.1x1.1x1.1....
End Interest = 50 x 1.1^20

End Interest = 336.37


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