Compound Interest Problem?
Compound Interest Problem?
For 10 years, you put $2000 in savings account. You earn 9% interest compounded annually. Please tell me the total amount in the account for each of those 10 years. After 10 years, you stopped putting $2000, but you let your investment continue to earn interest. Please tell me the amount in your account each year for the next 35 years (after you stopped putting 2000 in your account)
2180.00
4556.20
7146.26
9969.42
13046.67
16400.87
20056.95
24042.07
28385.86
33120.59
36101.44
39350.57
42892.12
46752.41
50960.13
55546.54
60545.73
65994.84
71934.38
78408.47
85465.24
93157.11
101541.25
110679.96
120641.16
131498.86
143333.76
156233.80
170294.84
185621.37
202327.30
220536.75
240385.06
262019.72
285601.49
311305.63
339323.13
369862.21
403149.81
439433.30
478982.29
522090.70
569078.86
620295.96
676122.60