SOLUTION: Find the accumulated value of an investment of $10,000 at 4% compounded annually for 17yrs.

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Question 23011: Find the accumulated value of an investment of $10,000 at 4% compounded annually for 17yrs.

Answer by Paul(988) About Me  (Show Source):
You can put this solution on YOUR website!
Use A=P%281%2Bn%29%5Et
P=10000, n=0.04, t=17
A=10000%281%2B0.04%29%5E17
simplify
A= 19479
Hence after 17 years the value is $19479.

I hope that helps.