You deposit $500 in an account earning 3% interest compounded annually. How much will you have in the account in 20 years?
Use the formula:
A=P(1+r)t
$
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Enter your answer as a number (like 5, -3, 2.2172) or as a calculation (like 5/3, 2^3, 5+4)
Enter DNE for Does Not Exist, oo for Infinity