SOLUTION: What will be the amount accumulated by each of the following present investments? (a) $5,000 in 31 years at 7% compounded annually, (b) $20,000 in 7 years at 6% compounded annu

Algebra ->  Finance -> SOLUTION: What will be the amount accumulated by each of the following present investments? (a) $5,000 in 31 years at 7% compounded annually, (b) $20,000 in 7 years at 6% compounded annu      Log On


   



Question 1090040: What will be the amount accumulated by each of the following present investments?
(a) $5,000 in 31 years at 7% compounded annually,
(b) $20,000 in 7 years at 6% compounded annually.

Answer by Fombitz(32388) About Me  (Show Source):