If $1000 earns 4% annual interest compounded quarterly, then what is the amount after 20 years? Round your answer to the nearest dollar. Do Not use a $ sign in your answer or any commas. For your information: (1 + .04)(20) = 23.0498 (1+ 4)20 = 1.2202 (1 + 04) 4(20) = 2.2167 (1 + .04)20 2.1911 %3D
If $1000 earns 4% annual interest compounded quarterly, then what is the amount after 20 years? Round your answer to the nearest dollar. Do Not use a $ sign in your answer or any commas. For your information: (1 + .04)(20) = 23.0498 (1+ 4)20 = 1.2202 (1 + 04) 4(20) = 2.2167 (1 + .04)20 2.1911 %3D
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 26E
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