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You deposit $1,000 for four years at an interest rate of 2% if the interest rate is compounded annually how much money do you have after the four years

You deposit $1,000 for four years at an interest rate of 2% if the interest rate is compounded annually how much money do you have after the four years
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4 votes
you deposit $1,000 for four years at an interest rate of 2% if the interest rate is compounded annually how much money do you have after the four years

asked
User Minn
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1 Answer

3 votes
1000(1+0.02)^4=???????????
answered
User Ortwin Angermeier
by
8.5k points
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