SOLUTION: What is the compound interest on 200000 for 4 years at 6% annually

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Question 603311: What is the compound interest on 200000 for 4 years at 6% annually
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi,
Note: In General:
A = Accumulated Amount
P= principal = $200,000
r= annual rate = .06
m= periods per year = 1
t= years = 4


A= $252,495.39
interest earned in 4 years = $52,495.39
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