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Ryan inherited land from his grandfather. he decided to sell the land for $160,000, then place the money in a new account that earns 1.2% interest compounded bimonthly. how much…

Ryan inherited land from his grandfather. he decided to sell the land for $160,000, then place the money in a new account that earns 1.2% interest compounded bimonthly. how much…
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1 vote
Ryan inherited land from his grandfather. he decided to

sell the land for $160,000, then place the money in a new
account that earns 1.2% interest compounded bimonthly.
how much interest will he have earned after 30 years?

asked
User Gyss
by
8.7k points

1 Answer

4 votes

Answer:68,841 in interest over 30 years

Explanation:

Hope this helps

answered
User Nasly
by
8.3k points
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