SOLUTION: Find the accumulated value of an investment of $20,000 for 33 years at an interest rate of 4% if the money is

SOLUTION: Find the accumulated value of an investment of $20,000 for 33 years at an interest rate of 4% if the money is

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Question 1060637: Find the accumulated value of an investment of $20,000 for 33 years at an interest rate of 4% if the money is

Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
You don't say how often the interest rate is compounded. I will assume it's compounded annually:
20,000(1+0.04)^33 = 72,967.62
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