1. How much would be in your savings account in 11 years after depositing $150 today if...
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Question:
1. How much would be in your savings account in 11 years after depositing $150 today if the bank pays 7% per year?
2. A deposit of $350 earns the following interest rates: (a) 8% in the first year, (b) 6 in the second year, and (c) 5.5 in the third year. What would be the third year future value?
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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