Yao decides to place a $2,000 deposit at the end of each year into a bond fund that earns 6% annually. Find the amount of the investment in 20 years

$73,571

Step-by-step explanation:

To solve this problem we can use the following formula:

P = Po * ((1 + r)^t - 1) / r

Where P is the final value, Po is the investment, r is the rate and t is the time. So, we have that:

P = 2000 * ((1 + 0.06)^20 - 1)/0.06

P = 2000 * 2.207135 / 0.06

P = 73,571

The amount of investment after 20 years is $73,571.

complete the steps to find the area of the trapezoid.

area of rectangle = 256   square units

area of triangle 1 = 24  square units

area of triangle 2 = 16  square units

area of triangle 3 =   96 square units

area of trapezoid = 120  square units

step-by-step explanation: