Does anyone know a formula for determining the answer to the following?
If I have $2000 at 5% interest for 6 years, compounded annually what will
be either the final gross amount or the total amount of interest? Either
will suffice.
The formula may be algebraic or one that can be used on Excel; if someone
knows an URL where the info is located that too would be helpful.
G. M. Freeman
Beati Pacifici
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