Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. robert invested $200 in a retirement account that

Robert invested $200 in a retirement account that had a rate of 20% that compounds...

50.1K

Verified Solution

Question

Basic Math

image

Robert invested $200 in a retirement account that had a rate of 20% that compounds annually. If Robert leaves his money in for 3 years, how much money will be in his account rounded to the nearest cent?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What factors contribute to children’s and adolescents ‘ success in solving problems?

Psychology
Q

What issues were added to the Clean Air Act during the 1990 amendments Select all...

Biology
Q

19 Starting from rest if a car accelerates uniformly at the rate of 1 m...

Physics
Q

11 A rectangular city with dimensions 10 miles by 11 5 miles is surrounded by...

Geometry
Q

3 Two circles of radii 9 cm and 13 cm have their centres 15 cm...

Geometry
Q

Select the graph of f x e 6464 2 a J J S 4

Algebra
Q

Find x Round your answer to the nearest tenth of a degree 19

Algebra
Q

a) A company expects a series of 24 monthly receipts of $3,600 each. The first...

Accounting
Q

Strategic HRM research examines the relationships between internal organizational characteristics, HRM strategy and practices, and...

Accounting
Q

Windsor Inc. has decided to purchase equipment from Central Michigan Industries on January 2, 2025,...

Accounting
Q

BP and Rosneft 2015. BP (UK) and Rosneft (Russia) had severed a long-term joint venture...

Finance
Q

Growing annuity factor for retirement period (wo r-g)

Finance