document.write( "Question 612472: What is the final balance for the investment? $20,000 for 3 years at 4% compounded annually.
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Algebra.Com's Answer #385498 by G8TORS(10)![]() ![]() ![]() You can put this solution on YOUR website! yr. 1 - 20,000 x .04 = 800 i \n" ); document.write( "yr. 2 - 20,800 x .04 = 832 i \n" ); document.write( "yr. 3 - 21,632 x .04 = 865.28 i \n" ); document.write( "total yeild at the end of year 3 is 22,497.28 or 2,497.28 over investment \r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |