700
$5,249.54
$3600 is 18% of $20000
5000 dollars
50,940 dollars
0.05% of 20000 = 10
6 ÷ 100 × 20000 = 1200
6000
20000*3/100 = 600 per period.
Assuming that the 10 % stated is per year, the investment will earn 0.10 X 20000 = 2000 per year. The years required to earn 4000 will be 4000/2000 = 2.
It is 20000*(1.07)^60 = 1158928.54
35% of $20,000= 35% * 20000= 0.35 * 20000= $7,000
20% of $20,000 = 20% * 20000 = 0.2 * 20000 = $4,000