Question

You invest $2,000 in an account that has an annual interest rate of 3.2%, compounded anually. How much money will be in the account after 12 years?

Answer 1

Would be answer be $2,919? @jim_thompson5910

Answer 2

A = P(1+r/n)^(nt)

A = 2000(1+0.032/1)^(1*12)

A = 2,918.6792

A = 2,919


So you got it right again, nice job.

Answer 3

Awesome! =)

Answer 4

yes it's definitely awesome that this is starting to click for you