SOLUTION: 1 lump sum of $3,000.00 accrueing growth of 4% per year for 35 years. What will the total be?

SOLUTION: 1 lump sum of $3,000.00 accrueing growth of 4% per year for 35 years. What will the total be?

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Question 360359: 1 lump sum of $3,000.00 accrueing growth of 4% per year for 35 years. What will the total be?
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
3,000(1+.04)^35
3,000(1.04)^35
3,000*3.946=$11,838.27 ANS.
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