SOLUTION: You deposit $1000 each year into an account earning 2% interest compounded annually. How much will you have in the account in 35 years?

SOLUTION: You deposit $1000 each year into an account earning 2% interest compounded annually. How much will you have in the account in 35 years?

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Question 964234: You deposit $1000 each year into an account earning 2% interest compounded annually. How much will you have in the account in 35 years?

Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=1000(1.02)^35
FV=1000(1.9998895)
FV=$1999.89
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