SOLUTION: $1,050 at 6%, for 25 years, compounded annually

SOLUTION: $1,050 at 6%, for 25 years, compounded annually

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Question 770989: $1,050 at 6%, for 25 years, compounded annually
Answer by Cromlix(4381) (Show Source): You can put this solution on YOUR website!
100% + 6% = 106%
106% = 1.06
$1,050 * 1.06^25
= $4506.46.
Hope this helps.
:-)
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