Your parents gave you $1,000 for your sweet 16th birthday. You want to deposit it in a
Question:
Your parents gave you $1,000 for your sweet 16th birthday. You want to deposit it in a CD account that is earning 6% annually. Calculate how much your gift will be worth when you graduate from college on your 22nd birthday using the following methods:
a) Long-hand formula
b) Reference table (Use Table A-1)
c) Financial calculator
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Personal Finance Building Your Future
ISBN: 978-0073530659
1st edition
Authors: Robert B. Walker, Kristy P. Walker
Question Posted: