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Total = 20(1+i)n
Total = 20(1.1236)
Total = 22.472
Interest accumulated = 22.472 - 20 = 2.472
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Earn +20 ptsQ: How much interest is earned for 2 years 20.000 6 percent?
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What is 20000 in 20 years with 7 percent interest compounded annually?
It is approx 77393.69 units of currency.
How much interest is earned for the investment 20 000 for 2 years at 6 percent compounded annually?
Interest = 2472
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How long will it take to earn interest of 4000 if 20000 is invested in 10 percent?
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Related questions
How much interest is earned for the investment for 20000 for 2 years at 6 percent compounded annually?
Total value = 20000*(1.06)2 = 22472 So interest = 2472
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What is the monthly payment on a loan of 20000 for 5 years at 5 percent interest?
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What is 20000 in 20 years with 7 percent interest compounded annually?
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How much interest is earned for the investment 20 000 for 2 years at 6 percent compounded annually?
Interest = 2472
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