If an amount of money $P$ is deposited annually for $t$ years into an account with an interest rate $r$,it will accumulate to a value $V$ according to the equation $V=P\left(\frac{(1+r)^{t}-1}{r}\right)$. If someone pays $\$ 5000$ annually, what will the value of the account be after 20 years?

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The Answer of If an amount of money $P$ is deposited annually for $t$ years into an account with an interest rate $r$,it will accumulate to a value $V$ according to the equation $V=P\left(\frac{(1+r)^{t}-1}{r}\right)$. If someone pays $\$ 5000$ annually, what will the value of the account be after 20 years?

If an Amount of Money PPP Is Deposited Annually For ttt Years into an Account with an Interest Rate

If an Amount of Money $P$ Is Deposited Annually For $t$ Years into an Account with an Interest Rate