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OpenStudy (anonymous):
$100,000 for 20 years compounded at 4 percent annually results in a rate per period of:
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OpenStudy (anonymous):
A = P(1 + r)n A= 100,000(1+.04)20 =
OpenStudy (anonymous):
A=P(1+r/n)^nt
OpenStudy (matthewrlee):
It results in a rate I would be pleased to have in the current economy. If you've that rate take it but don't lock it in for 20 years. In ten years you would have around $48,000.00 in interest.
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