asked 192k views
5 votes
Suppose that you invest $6000 into a high yield savings account that earns 2% annual interest and is compounded monthly. If you do not deposit or withdraw any money from the account, how much money will be in the account after 20 years?

asked
User NoobVB
by
7.8k points

1 Answer

7 votes

i will only be adding the answer due to the fact that I have to leave soon and i have been helping people with this all day.

8916 AFTER 20 YEARS

answered
User Ayush Singh
by
8.1k points
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