Question 877547
{{{A = P*(1+r/n)^(n*t)}}}


{{{A = 30000*(1+0.03/1)^(1*30)}}}


{{{A = 30000*(1+0.03)^(1*30)}}}


{{{A = 30000*(1.03)^(1*30)}}}


{{{A = 30000*(1.03)^(30)}}}


{{{A = 30000*(2.42726247118966)}}}


{{{A = 72817.8741356899}}}


{{{A = 72817.87}}}


You will earn 72817.87 - 30000 = <font color="red">$42,817.87</font> in 30 years.