At his son's birth, a man invested $2,000 in savings at 6% for his son's college education. Approximately how much, to the nearest dollar, will be available in 19 years?

Question

anonymous · Answer

@ganeshie8

mrnood · Answer

after 1 year it will be worth 1.06 more
after 2 years it will be worth 1.06*1.06 more
after three years it will be worth 1.06*1.06 *1.06 more

after n years it will be worthe 1.06^n

find that value for n= 19 then multiply the original $2000

anonymous · Answer

i need the awnser i dont have time to do the math

mrnood · Answer

tough - oyu should've started sooner

DON'T ask for answer here

anonymous · Answer

i have to do 3/4s of a class in like 1.5 hours

mrnood · Answer

get your calculator

type 2000* 1.06 x^y 19 =

that will get your answer with a little effort from YOURSELF

it is against the code of conduct to give answers here

LEARN a little - it is FUN

anonymous · Answer

i dont have an advanced calulator or i would

mrnood · Answer

you are on a PC. go to START > accessories> calculator

chose 'view' 'scientific'

Just DO it - you could already have the answer now instead of making excuses