SOLUTION: If I invest $2000 at 8% interest for 30 years how much will I have? What would be the answer if I started at age 22?

SOLUTION: If I invest $2000 at 8% interest for 30 years how much will I have? What would be the answer if I started at age 22?

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Question 538388: If I invest $2000 at 8% interest for 30 years how much will I have? What would be the answer if I started at age 22?
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
If I invest $2000 at 8% interest for 30 years how much will I have?
What would be the answer if I started at age 22?
:
A = 2000*1.08^30
A = 2000*10.062569
A = $20,125.31
:
It doesn't matter what age you start, it's the no. of years it is invested the counts
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