Question

billy bob just found out that in 1700 one of her ancestors invested 500$ in a savings account that paid 4% interest annually. find the account balance after the following years.

Answer 1

Hoot! You just asked your first question! Hang tight while I find people to answer it for you. You can thank people who give you good answers by clicking the 'Good Answer' button on the right!

Answer 2

thanks!

Answer 3

?

Answer 4

"following years" are what

Answer 5

assuming its until 2011 , so that makes it 311 years

value now = 500 x (1+0.04)^311