SOLUTION: Becky invested $30,000 at 4%, compounded annually for 50 years. (3,1=4K)
A) what will her investment be worth after 50 years?
P= ________
i= _______
n= _________
B) how muc
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: Becky invested $30,000 at 4%, compounded annually for 50 years. (3,1=4K)
A) what will her investment be worth after 50 years?
P= ________
i= _______
n= _________
B) how muc
Log On
Question 820932: Becky invested $30,000 at 4%, compounded annually for 50 years. (3,1=4K)
A) what will her investment be worth after 50 years?
P= ________
i= _______
n= _________
B) how much interest will have been earned? Answer by ewatrrr(24785) (Show Source):
Hi,
In General
A = Accumulated Amount
P= principal = $30,000
r= annual rate = .04
n= periods per year = 1
t= years = 50
A.
B. Interest earned = - $30,000
