Question 759013: How much would $100 invested at 6% interest compounded annually be worth after 20 years? Round your answer to the nearest cent. Do not include units in your answer.
Answer by solver91311(24713)   (Show Source):
You can put this solution on YOUR website!
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Where  is the future value,  is the present value,  is the interest rate expressed as a decimal,  is the number of compounding periods per year, and  is the number of years.
For you,  ,  ,  , and  .
Just plug in the numbers and do the arithmetic.
John
Egw to Beta kai to Sigma
My calculator said it, I believe it, that settles it
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