17. You deposit $8,000 in a bank 2 points account today. You make another deposit of...
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17. You deposit $8,000 in a bank 2 points account today. You make another deposit of $14,000 into the account in year one and you make a third deposit of $10,000 in year two. The bank pays interest at 8 percent compounded annually. How much will you have in your account at the end of year 3? * 17. You deposit $8,000 in a bank 2 points account today. You make another deposit of $14,000 into the account in year one and you make a third deposit of $10,000 in year two. The bank pays interest at 8 percent compounded annually. How much will you have in your account at the end of year 3? *
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Answer rating: 100% (QA)
You will have 3720729in your account at the end of year 3 Heres the breakdown Initial deposit ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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