SOLUTION: You make a one-time deposit of $1200 into an account earning 10% interest compounded annually. How much will you have in the account in 20 years? Round to the nearest cent.

Question 1154624: You make a one-time deposit of $1200 into an account earning 10% interest compounded annually. How much will you have in the account in 20 years? Round to the nearest cent.

Answer by ikleyn(52830) (Show Source): You can put this solution on YOUR website!
.


Future value =  = .


Use your calculator.

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- Compound interest percentage problems
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