chrixofcrepe chrixofcrepe

27-09-2021
Mathematics

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Calculate the amount of money you'll have at the end of the indicated time period, assuming that you earn simple interest.
You deposit $3500 in an account with an annual interest of 4.2% for 20 years.
The amount of money you'll have at the end of 20 years is $
(Type an integer or a decimal.)

Respuesta :

madethisfortwitch1 madethisfortwitch1

27-09-2021

Answer:

Step-by-step explanation:

simple interest formula:

PV(1+it)

3500(1+.042*20)= 6440

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