How much compound interest will $50,000 earn in 10 years at 3.4% APR compounded yearly, providing no deposits or withdrawals are made? Hint: Use the formula A = P(1.00 + r)n.
If you use the data properly and the formula like this: A = 50000(1 + 0.034)*10 then you will know that the compund interest will be: 0.034 Hope this works for you
