SOLUTION: If $27,000 is invested in an account for 30 years. Find the value of the investment at the end of 30 years if the interest is: (a) 6% simple interest: $ (b) 6% compounded

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Question 1195529: If $27,000 is invested in an account for 30 years. Find the value of the investment at the end of 30 years if the interest is:
(a) 6% simple interest: $

(b) 6% compounded annually: $

Round your answers to the nearest cent.
Answer by josgarithmetic(39618) About Me  (Show Source):
You can put this solution on YOUR website!
Routine!

(a):
0.06%2A30%2A27000

(b):
27000%281.06%29%5E30