Olive deposits $4,355 in her checking account today. Her checking account pays interest of 3.7% compounded annually.

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Olive deposits $4,355 in her checking account today. Her checking account pays interest of 3.7% compounded annually. Assuming Olive does not withdraw any funds and does not deposit any additional funds, how much will be in her account in 25 years?

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Related Book For answer-question

Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Posted Date: May 08, 2023 01:30 AM

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Olive deposits $4,355 in her checking account today. Her checking account pays interest of 3.7% compounded annually.

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Using the formula for compound interest A P1 rnnt where A the future value of the inve... View the full answer

Concepts In Federal Taxation

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