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3 years ago

7

$10,000 for 20 years at 5% compounded annually

1 answer:

saveliy_v [14]3 years ago

3 0

Answer:

$26532.98

Step-by-step explanation:

<u>Given:</u>

Principal = $10000
Profit rate = 5% PA compounded
Time = 20 years
Compounds = 20*1 = 20

<u>Sum is:</u>

10000*(1 + 5/100)²⁰ ≈ 26532.98

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