Sharon Stone deposits $2000 at the end of each year in an account earning 10% compounded annually. Determine how much money she has after 25 years. How much interest did she earn?

146694.12

13452

18232

15627

Correct Answer: 146694.12

Explanation:

S=R[(1+i)^n-1]/i

Question

Sharon Stone deposits $2000 at the end of each year in an account earning 10% compounded annually. Determine how much money she has after 25 years. How much interest did she earn?

Accepted Answer

S=R[(1+i)^n-1]/i

Sharon Stone deposits $2000 at the end of each year in an account earning 10% compounded annually. Determine how much money she has after 25 years. How much interest did she earn?

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