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You set up a college fund in which you pay $2,000 each year at the end of the year. how much money will you have accumulated in the fund after 18 years, if your fund earns 7% an…

You set up a college fund in which you pay $2,000 each year at the end of the year. how much money will you have accumulated in the fund after 18 years, if your fund earns 7% an…
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You set up a college fund in which you pay $2,000 each year at the end of the year. how much money will you have accumulated in the fund after 18 years, if your fund earns 7% annual compound interest?

asked
User Chris McFarland
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8.1k points

1 Answer

6 votes
the answer would be $38520 at the end of 18 yrs
answered
User TheOnlyAnil
by
7.8k points
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