SOLUTION: If I invest $2000/year for 20 years (starting now) at an average rate of return of 8% what would be the final amount I would have in 20 yrs. Thank you.

Question 586248: If I invest $2000/year for 20 years (starting now) at an average rate of return of 8% what would be the final amount I would have in 20 yrs. Thank you.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
If I invest $2000/year for 20 years (starting now) at an average rate of return of 8% what would be the final amount I would have in 20 yrs.
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That depends on if you will get simple interest or compound interest
on your invested.
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Cheers,
Stan H.
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