SOLUTION: A bank offers 2% interest compounded annually. How much will $200000 worth after 10 years?

Algebra ->  Sequences-and-series -> SOLUTION: A bank offers 2% interest compounded annually. How much will $200000 worth after 10 years?      Log On


   

Question 1119828: A bank offers 2% interest compounded annually. How much will $200000 worth after 10 years?
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
A bank offers 2% interest compounded annually. How much will $200000 worth after 10 years?
----
$200000((1.02)^10