500 deposit over 20 years with an interest rate of 5%

Question

asked Dec 24, 2021 49.7k views

1 Answer

Cfort · Answer 1 · 2021-12-29T03:36:46+0000

Answer:

At the end of 20 years, your savings will have grown to $1,326.

You will have earned in $826 in interest.

Explanation: