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3 years ago

12

In 2014 Rose invested $16,000 in a savings account for her newborn son. The account pays 3.6% interest each year. Determine the

total value of the account in the year 2032, when her son will go to college.

2 answers:

Alja [10]3 years ago

8 0

16,000 x (1 + .036)^18 = 30240.96

Flura [38]3 years ago

5 0

Answer:

$30240.96

Step-by-step explanation:

see pic

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