Thursday, September 9, 2010

$1000 USD a year for 30 years. the account earns 13%compounded annually. how much at 30 years?

jim puts %1000 a year at the end of each year into a retirement account for the next 30 years. the account earns 13% interest compounded annually. how much monies will jim have in 30 years? can you do this without a calculator?: ) of course inteligent answers and detailed solutions flip ma wig so go for it.