nickleoncio0705 nickleoncio0705
  • 30-03-2017
  • Mathematics
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Billy invested his $3500 graduation gift into a (compound interest) Roth account that pays twelve percent. If he is 18 years old now, how much will be in the account at age 30?

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 30-03-2017
t=30-18=12 years
A=p(1+r)^t
A=3,500×(1+0.12)^(12)
A=13,635.92
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