If $800 is deposited in a savings account that pays an interest rate of 5 percent annually,

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If $800 is deposited in a savings account that pays an interest rate of 5 percent annually, how much money will be in the account after 15 years?

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Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

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Question Posted: Apr 30, 2013 09:18 AM

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The correct entry should be Debit: Armstrong, Capital $48,000 Credit: Cash $58,000 Debit: Jackson, Capital $5,000 Debit: Tanner, Capital $5,000

If $800 is deposited in a savings account that pays an interest rate of 5 percent annually,

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Personal Finance Turning Money into Wealth

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