SOLUTION: How much interest is earned for the investment? $20,000 for 2 years at 6% compounded annually

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: How much interest is earned for the investment? $20,000 for 2 years at 6% compounded annually       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 603011: How much interest is earned for the investment?
$20,000 for 2 years at 6% compounded annually

Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=20000(1.06)^2
You do the math