


1) Solving the Total Amount
where the AMOUNT is the annual amount invested each year,
So, we have: $2,000 * { [1.36048896 1] ÷ .08 } — $2,000.00 $2,000 * { .36048896 ÷ .08 } — $2,000.00 $2,000 * { 4.506112 } — $2,000.00 $9,012.224 — $2,000.00 $7,012.22 Which is the answer we obtained using the "long" method at the top of this page.


