document.write( "Question 481134: If I invest $20,000 annually for 20 years at an annual interest rate of 8%, how much will the investment be after 20 years? \n" ); document.write( "
Algebra.Com's Answer #329476 by Theo(13342)![]() ![]() You can put this solution on YOUR website! if you are investing at the end of each year,and your money is compounded annually, then you will have $915,239.286 at the end of the 20th year. \n" ); document.write( "if you are investing at the beginning of each year, and your money is compounded annually, then you will have $988,458.4288 at the end of the 20th year. \n" ); document.write( " \n" ); document.write( " |