SOLUTION: You deposit $2000 each year into an account earning 2% compounded annually. How much will you have in the account in 30 years?

SOLUTION: You deposit $2000 each year into an account earning 2% compounded annually. How much will you have in the account in 30 years?

Algebra.Com

Question 1175480: You deposit $2000 each year into an account earning 2% compounded annually. How much will you have in the account in 30 years?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
this is A=2000(1.02^30-1)/.02, the positive exponent one.
=$81136.16
RELATED QUESTIONS
You deposit $2000 each year into an account earning 2% interest compounded annually.... (answered by CubeyThePenguin,ikleyn)

You deposit $2000 each year into an account earning 7% interest compounded annually. How... (answered by ikleyn)

You deposit $5000 each year into an account earning 4% interest compounded annually. How... (answered by ikleyn)

You Deposit $5000 each year into an account earning 6% interest compounded annually. How... (answered by ikleyn)

You deposit $4000 each year into an account earning 6% interest compounded annually. How... (answered by ikleyn)

You deposit $1000 each year into an account earning 2% interest compounded annually. How... (answered by rfer)

You deposit $3000 each year into an account earning 2% interest compounded annually. How... (answered by Theo,MathTherapy)

You deposit $5000 each year into an account earning 2% interest compounded annually. How (answered by ikleyn)

You deposit $5000 each year into an account earning 2% interest compounded annually how... (answered by ikleyn)