3 years ago

If micheal invests $2000 in the bank at a rate of 5.5% for 6 years how much interest will he make?

Mathematics

2 answers:

geniusboy [140]3 years ago

7 0

Answer: 14,533.79 don´t take my word for it

Step-by-step explanation:

Novosadov [1.4K]3 years ago

6 0

Future Value of Annuity Due

P = 2,000

r = 5.5% (0.055)

n = 6

1.055 * (2,000 * [(1 + 0.055)^6 - 1)/(0.055)])

= 14,533.79

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Answer:

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Step-by-step explanation:

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3 years ago

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3 years ago

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3 years ago

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Sunny_sXe [5.5K]

Answer:

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Step-by-step explanation:

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