minashipper428 minashipper428

02-10-2021
Mathematics

contestada

In 2014 Rose invested $16,000 in a savings account for her newborn son. The account pays 3.6% interest each year. Determine the total value of the account in the year 2032, when her son will go to college.

Respuesta :

jfairead jfairead

02-10-2021

Answer:

$30240.96

Step-by-step explanation:

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Ver imagen jfairead

Answer Link

LazyWhisper1 LazyWhisper1

02-10-2021

16,000 x (1 + .036)^18 = 30240.96

Answer Link

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