Your 3 year investment of 20,000 received 5.2% interest compound annually. what is your total return?

Given:

Principal  (P) = $20,000 , interest rate compounded annually (r) = 5.2% = ; n = 1 , t = 3 years.

Using formula :

where

A is total return

P is the Principal ,

r is interest rate ,

n is the number of times interest is compounded per year

t is the time in year.

Substitute the given values we have;

Simplify:

A = $23285.05216

Therefore, your total return is, $23285.05216

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step-by-step explanation:

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step-by-step explanation: