You deposited $25,000 four years ago into a bank account. Two years ago, you deposited an...

 

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You deposited $25,000 four years ago into a bank account. Two years ago, you deposited an additional $20,473.39. Assume an annual interest rate of 6% and annual compounding. How much will be in the account in twenty years from now? Use a $ symbol and a comma and zero decimal places. (i.e. $105,000) You deposited $25,000 four years ago into a bank account. Two years ago, you deposited an additional $20,473.39. Assume an annual interest rate of 6% and annual compounding. How much will be in the account in twenty years from now? Use a $ symbol and a comma and zero decimal places. (i.e. $105,000)

Answer rating: 100% (QA)

To calculate the future value of the deposits after twenty years with annual compounding at an annua... View the full answer