SOLUTION: Becky invested $30,000 at 4%, compounded annually for 50 years. (3,1=4K) A) what will her investment be worth after 50 years? P= ________ i= _______ n= _________ B) how muc

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Question 820932: Becky invested $30,000 at 4%, compounded annually for 50 years. (3,1=4K)
A) what will her investment be worth after 50 years?
P= ________
i= _______
n= _________
B) how much interest will have been earned?
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 

Hi, 

In General 

A = Accumulated Amount

P= principal = $30,000

r= annual rate = .04

n= periods per year = 1

t= years =  50

A. 

B. Interest earned  =   - $30,000 

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