Homework Help: Math

Posted by Mia on Monday, July 23, 2012 at 11:07am.

If business manager deposits $30,000 in a savings account at the end of each year for twenty years what will be the value of her investment at a compound rate of 12 percent? and at 18 percent?

Math - MathMate, Monday, July 23, 2012 at 11:21am
Future value at 12%
=30000*1.12^20
=$289388.79

Similarly for 18%, but almost 3 times as much.

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