document.write( "Question 550176: What would $8000 be worth if you earned 8% interest. On it for 40 years and never take any out. \n" ); document.write( "
Algebra.Com's Answer #358508 by stanbon(75887) ![]() You can put this solution on YOUR website! What would $8000 be worth if you earned 8% interest. On it for 40 years and never take any out. \n" ); document.write( "-------------------------- \n" ); document.write( "If compounded anually you get: \n" ); document.write( "A(40) = 8000(1.08)^40 \n" ); document.write( "---- \n" ); document.write( "= 8000*21.72 \n" ); document.write( "---- \n" ); document.write( "= $173,796.17 \n" ); document.write( "====================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "=============== \n" ); document.write( " |