document.write( "Question 1175524: You deposit $2000 each year into an account earning 2% interest compounded annually.
\n" );
document.write( "How much will you have in the account in 30 years? \n" );
document.write( "
Algebra.Com's Answer #801567 by CubeyThePenguin(3113)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "A = final amount\r \n" ); document.write( "\n" ); document.write( "P = principal (initial) amount\r \n" ); document.write( "\n" ); document.write( "r = interest rate as a decimal\r \n" ); document.write( "\n" ); document.write( "n = compound rate\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Plug in P = 2000, r = 0.02, and t = 30:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " |