document.write( "Question 628476: If you save 1800 at the end of each year at a 5% annual interest for 20 years what is the accumulated amount at the end of the 20 years using s=p((1+r)^n-1)/r? \n" ); document.write( "

Algebra.Com's Answer #395752 by ankor@dixie-net.com(22740) $\"\"$ $\"About$

You can put this solution on YOUR website!
If you save 1800 at the end of each year at a 5% annual interest for 20 years what is the accumulated amount at the end of the 20 years using s=p((1+r)^n-1)/r?
\n" ); document.write( ":
\n" ); document.write( "s = p* $\"%28%281%2Br%29%5En-1%29%2Fr\"$
\n" ); document.write( ":
\n" ); document.write( "s = 1800* $\"%28%281%2B.05%29%5E20-1%29%2F.05\"$
\n" ); document.write( ":
\n" ); document.write( "s = 1800* $\"%281.05%5E20-1%29%2F.05\"$ = 1800* $\"%282.6533-1%29%2F.05\"$
\n" ); document.write( ":
\n" ); document.write( "s = 1800 * 33.06595 = $59.518.71 \n" ); document.write( "

\n" );