Question 620216
a guy leaves £18,000 in the bank for 6 years!, he get 5% interest every year? what is the answer to this?
The answer depends on the question.
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 with one calculation.
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If you want to know the balance, and if it's compounded annually (other options can be used):
FV = PV*(1 + 0.5)^6
FV = 18000*(1.05)^6
FV =~ 24121.72