Home /
Expert Answers /
Algebra /
use-the-compound-interest-formula-to-determine-the-accumulated-balance-after-the-stated-period-assu-pa960
(Solved): Use the compound interest formula to determine the accumulated balance after the stated period. Assu ...
Use the compound interest formula to determine the accumulated balance after the stated period. Assume that interest is compounded annually.
A=P(1+r)^(Y)
$20,000is invested at an APR of
3.9%for 12 years.
