You are given the principal $3000 in a bank account, a yearly interest rate 4 percent, and
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You are given the principal $3000 in a bank account, a yearly interest rate 4 percent, and the time the money is in the account. Assuming that no withdrawals are made and that the interest is compounded annually, compute the amount in the account after the 3 years.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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