SOLUTION: How much interest is earned for the investment? $20,000 for 2 years at 6% compounded annually
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Question 603011
:
How much interest is earned for the investment?
$20,000 for 2 years at 6% compounded annually
Answer by
rfer(16322)
(
Show Source
):
You can
put this solution on YOUR website!
A=20000(1.06)^2
You do the math