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dmitriy555 [2]
2 years ago
9

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]2 years ago
7 0

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

Step-by-step explanation:

Novosadov [1.4K]2 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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