DwayneAnthony DwayneAnthony

27-02-2017
Mathematics

Answered

$100,000 for 20 years compounded at 4% annually results in a rate per period of:

Verified Answer :

nobillionaireNobley nobillionaireNobley

06-03-2017

Amount = 100000(1 + 0.04)^20 = 100000(1.04)^20 = $219,112.31
Compound Interest = $219,112.31 - $100,000 = $119,112.31

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