SOLUTION: Calculate the future value of $2000 given that it will be held in the bank for 6 years and earn an annual interest rate of 6 percent
Algebra ->
Finance
-> SOLUTION: Calculate the future value of $2000 given that it will be held in the bank for 6 years and earn an annual interest rate of 6 percent
Log On
Question 768677: Calculate the future value of $2000 given that it will be held in the bank for 6 years and earn an annual interest rate of 6 percent Answer by oscargut(2103) (Show Source):
You can put this solution on YOUR website! Calculate the future value of $2000 given that it will be held in the bank for 6 years and earn an annual interest rate of 6 percent
FV = 2000(1.06)^6 =2837.04
Answer: $2837.04
You can ask me more at: mthman@gmail.com
Thanks
