5 4 3 2 1 0 -2 -1 0 1 5 -2 b = m = Inequality =
1 answer:
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Answer:
$6414
Step-by-step explanation:
Step one
given
Principal=$2,000
rate= 6%= 0.06
Time= 20 years
Required
The final amount
Step two:
The compound interest formula is
A= P(1+r)^t
substituting we have
The amount given to the college is $6414