I have been deposited money in a savings account for 20 years I deposit 500 dollar each christmas, i earn 5% annually

Question

nottim · Answer

isn't this an annuity question?

anonymous · Answer

do you know PERT

anonymous · Answer

I just want to know the investment of what it would be after 20 years, how would I calculate it, what is this equation even called

anonymous · Answer

or  A= P (1-r)^t

nottim · Answer

look up annuity. if that one doesn't work, contact me

nottim · Answer

isn't that compound interest izzy? its been a while for me

anonymous · Answer

pretty much in the same area yep

anonymous · Answer

yes it is compounded interest

nottim · Answer

lol than izzy just gave you what i need. ignore annuities!

nottim · Answer

if oy uhave a problem with what value is what, just look up compound itnerest formula

anonymous · Answer

wow, thank yall I got the answer p$$500\1( .05 \1)=17859.27$$=

anonymous · Answer

K, here is another problem? this guy has worked for 25 years so the board is going to offer him 75k annually for 20 years at a interest rate of 7% what is his present value of his bonus