If you have homework and you are stuck on a question, someone else will help if you post your question, help you understand the problem and give the answer. My 2 questions are
How much interest is earned for the investment? $20,000 for 2 years at 5% compounded annually
Someone invested $32,000 at 6% interest compounded annually. What will be the total balance at the end of 2 years?
How much interest is earned for the investment? $20,000 for 2 years at 5% compounded annually
Someone invested $32,000 at 6% interest compounded annually. What will be the total balance at the end of 2 years?