SOLUTION: construct a formula to predict what I would have after 30 years If I invest 500 dollars at an annual interest rate of 6% ? How would I figure this out. I have been stuck for a week

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Question 268306: construct a formula to predict what I would have after 30 years If I invest 500 dollars at an annual interest rate of 6% ? How would I figure this out. I have been stuck for a week now. Thank you

Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
construct a formula to predict what I would have after 30 years If I invest 500 dollars at an annual interest rate of 6% ? How would I figure this out. I have been stuck for a week now. Thank you
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Simple interest or compounded?
How often is it compounded?