SOLUTION: How much would an investment of $40,000 with a return rate of 8% per year for 20 years be?

Question 1011290: How much would an investment of $40,000 with a return rate of 8% per year for 20 years be?

Answer by josgarithmetic(39630) (Show Source): You can put this solution on YOUR website!
Depending how you want to calculate,
p for principal
r for the rate of interest as a decimal value
x for how many years (and assuming only yearly compounding)

Resulting value would be .

How MUCH interest earned?

RELATED QUESTIONS
6. Alternative A: How much will be the total amount that John will get if he invests Php (answered by ikleyn)

A. For all parts of this problem, money is invested in a retirement account with an APR... (answered by math_tutor2020)

A. For all parts of this problem, money is invested in a retirement account with an APR... (answered by Theo)

You can purchase an investment that pays $75,000 at the beginning of each year for twenty (answered by ikleyn)

One safe investment pays 6% per year, and a more risky investment pays 12% per... (answered by math_tutor2020)

A bank offers a savings bond with an interest rate of 8% per year compounded annually.... (answered by checkley71)

A person wishes to deposit $5,000 per year in a savings account which earns interest of 8 (answered by ikleyn)