The interest rate is 55 compounded annually - how much


cecile invests $20 000.00 on her 25th birthday and plans to add $2000.00 to her investment each year until her 40th birthday. The interest rate is 5.5% compounded annually.

How much interest will her investment have earned by her 40th birthday?

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Mathematics: The interest rate is 55 compounded annually - how much
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