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$4000 compounded annually at 3% for 20 years

 Aug 18, 2015

Best Answer 

 #1
avatar+118608 
+5

$${\mathtt{4\,000}}{\mathtt{\,\times\,}}{\left({\mathtt{1.03}}\right)}^{{\mathtt{20}}} = {\mathtt{7\,224.444\: \!938\: \!677\: \!655\: \!247}}$$

 

$7224.44

 Aug 18, 2015
 #1
avatar+118608 
+5
Best Answer

$${\mathtt{4\,000}}{\mathtt{\,\times\,}}{\left({\mathtt{1.03}}\right)}^{{\mathtt{20}}} = {\mathtt{7\,224.444\: \!938\: \!677\: \!655\: \!247}}$$

 

$7224.44

Melody Aug 18, 2015

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