SOLUTION: If the principal is 2000 invested at a rate of 6% a year for 6 years compounded annually , what is the accumulated amount

SOLUTION: If the principal is 2000 invested at a rate of 6% a year for 6 years compounded annually , what is the accumulated amount

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Question 883031: If the principal is 2000 invested at a rate of 6% a year for 6 years compounded annually , what is the accumulated amount
Answer by LinnW(1048) (Show Source): You can put this solution on YOUR website!
2000*(1 + 6%)^6 years
2000*(1.06)^6
= 2837.04

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