document.write( "Question 1034183: You invest $20,000 in a retirement plan. The plan is expected to have an annual return of 12%. Write a rule for the amount of money available at the beginning of the nth year. What is the balance of the account at the beginning of the 20th year? \n" ); document.write( "
Algebra.Com's Answer #649061 by robertb(5830)![]() ![]() You can put this solution on YOUR website! At the beginning of the 20th year, 19 years have passed, and so, t = 19.\r \n" ); document.write( "\n" ); document.write( "==> \n" ); document.write( "= $172,255.23. \n" ); document.write( " \n" ); document.write( " |