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You invest $2000 in an account that pays simple interest of 2% for twenty years. what amount of money will you have in 20 years

You invest $2000 in an account that pays simple interest of 2% for twenty years. what amount of money will you have in 20 years
asked 161k views
3 votes
you invest $2000 in an account that pays simple interest of 2% for twenty years. what amount of money will you have in 20 years

asked
User Yakov
by
8.7k points

1 Answer

2 votes

Answer:

$2971.9

Explanation:

2000*(1+2%)^20 = 2971.895

answered
User Aoakenfo
by
7.4k points
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