SOLUTION: Find the accumulated value of an investment of $19,000 at 6% compounded annually for 12 years.

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Question 22135: Find the accumulated value of an investment of $19,000 at 6% compounded annually for 12 years.
Answer by Paul(988) About Me  (Show Source):
You can put this solution on YOUR website!
Use A=P%281%2Bi%29%5En
P=19000
i=0.06
n=12
A=19000%281%2B0.06%29%5E12
A=38231.73
hence, the accumulated value is $38231.73