SOLUTION: Bonnie invested $2,000 six years ago in an account which compounds interest annually at 3%. How much is Bonnie's account now worth?

SOLUTION: Bonnie invested $2,000 six years ago in an account which compounds interest annually at 3%. How much is Bonnie's account now worth?

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Question 1155737: Bonnie invested $2,000 six years ago in an account which compounds interest annually at 3%. How much is Bonnie's account now worth?

Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
This would be P=Po(1+0.03)^6
=2000(1.03^6)=$2388.10
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