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OpenStudy (anonymous):
How much interest is earned for the investment? $20,000 for 2 years at 6% compounded annually
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OpenStudy (anonymous):
@Reppinthe80
OpenStudy (anonymous):
$20,000 invested at 6% for two years = $22,472. Interest earned = $2,472 this is equal to the formula P(1+r)^n.
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