SOLUTION: The state owes me interest on a claim which is $90,000 and they owe the interest over 3 years, if they give me 4% interest how much do they owe me in total?

SOLUTION: The state owes me interest on a claim which is $90,000 and they owe the interest over 3 years, if they give me 4% interest how much do they owe me in total?

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Question 535909: The state owes me interest on a claim which is $90,000 and they owe the interest over 3 years, if they give me 4% interest how much do they owe me in total?
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
The state owes me interest on a claim which is $90,000 and they owe the interest over 3 years, if they give me 4% interest how much do they owe me
:
If it is compounded annually,
A = 90000*(1.04)^3
A = $101,237.76
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