SOLUTION: If $27,000 is invested in an account for 30 years. Find the value of the investment at the end of 30 years if the interest is:
(a) 6% simple interest: $
(b) 6% compounded
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Question 1195529: If $27,000 is invested in an account for 30 years. Find the value of the investment at the end of 30 years if the interest is:
(a) 6% simple interest: $
(b) 6% compounded annually: $
Round your answers to the nearest cent.
Answer by josgarithmetic(39620) (Show Source): You can put this solution on YOUR website!
Routine!
(a):
(b):
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