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

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Question 618441: How much interest is earned for the investment?
$20,000 for 2 years at 6% compounded annually

Answer by scott8148(6628) About Me  (Show Source):
You can put this solution on YOUR website!
20000 * [(1 + .06)^2 - 1]