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You deposit $2000 in a retirement account that earns 5% annual interest. You repeat this deposit yearly for 30 years. How much money do you have in your account after you make y…

You deposit $2000 in a retirement account that earns 5% annual interest. You repeat this deposit yearly for 30 years. How much money do you have in your account after you make y…
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You deposit $2000 in a retirement account that earns 5% annual interest. You repeat this deposit yearly for 30 years. How much money do you have in your account after you make your final deposit?

asked
User Iswar
by
8.6k points

1 Answer

0 votes

Answer:

$3000

Explanation:

$2000×5/×30

$1000×3=$3000

answered
User Zerocog
by
8.4k points
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