SOLUTION: thomas invested r12650 at an interest rate of 5,8% compounnded yearly in a savings account so that he has enough money to pay for his sons educationn. how much will he have at the

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: thomas invested r12650 at an interest rate of 5,8% compounnded yearly in a savings account so that he has enough money to pay for his sons educationn. how much will he have at the       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 953064: thomas invested r12650 at an interest rate of 5,8% compounnded yearly in a savings account so that he has enough money to pay for his sons educationn. how much will he have at the end of 2 years??
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
FV=12650(1.058)^2
FV=12650(1.119364)
FV=14159.95