Eastern bank pays 7.2% compounded annually. You decide to save $14,000 two years later. The amount of money that you will have twenty years from now is closest to:

I am not sure if the answer is 56,000 or 48,000. I think it os 48,000 because you have to subtract the first two years before you desposited the money but im not sure if thats correct.

Eastern bank pays 7.2% compoundod annually. You docide to save $14,000 two yoars later. The amount of money that you will have twenty years from now is closest to: 56,000 dollars 48,000 doilars 74,000 dollars A Moving to another question will save this response