SOLUTION: How much would an investment of $40,000 with a return rate of 8% per year for 20 years be?

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Question 1011290: How much would an investment of $40,000 with a return rate of 8% per year for 20 years be?
Answer by josgarithmetic(39630) About Me  (Show Source):
You can put this solution on YOUR website!
Depending how you want to calculate,
p for principal
r for the rate of interest as a decimal value
x for how many years (and assuming only yearly compounding)

Resulting value would be p%2A%281%2Br%29%5Ex.

How MUCH interest earned?
p%281%2Br%29%5Ex-p
or
p%28%281%2Br%29%5Ex-1%29