SOLUTION: How much would $100 invested at 6% interest compounded annually be worth after 20 years? Round your answer to the nearest cent. Do not include units in your answer.
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Question 759013: How much would $100 invested at 6% interest compounded annually be worth after 20 years? Round your answer to the nearest cent. Do not include units in your answer.
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
^{nt})
Where 
is the future value, 
is the present value, 
is the interest rate expressed as a decimal, 
is the number of compounding periods per year, and 
is the number of years.
For you, 
, 
, 
, and 
.
Just plug in the numbers and do the arithmetic.
John
Egw to Beta kai to Sigma
My calculator said it, I believe it, that settles it
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