SOLUTION: If I invest $2000/year for 20 years (starting now) at an average rate of return of 8% what would be the final amount I would have in 20 yrs. Thank you.
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: If I invest $2000/year for 20 years (starting now) at an average rate of return of 8% what would be the final amount I would have in 20 yrs. Thank you.
Log On
Question 586248: If I invest $2000/year for 20 years (starting now) at an average rate of return of 8% what would be the final amount I would have in 20 yrs. Thank you. Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! If I invest $2000/year for 20 years (starting now) at an average rate of return of 8% what would be the final amount I would have in 20 yrs.
------------
That depends on if you will get simple interest or compound interest
on your invested.
-----------------------
Cheers,
Stan H.
(