Assume that today you opened a new savings account and deposited $16,000. If you will earn 1.75%

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Assume that today you opened a new savings account and deposited $16,000. If you will earn 1.75% simple interest per year and there are no withdrawals or other deposits made to the account.

What will be the account balance 7 years from now?

Related Book For answer-question

Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Posted Date: Apr 11, 2023 05:13 AM

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Assume that today you opened a new savings account and deposited $16,000. If you will earn 1.75%

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Principle Amount p 16000 Time T 7 Ra... View the full answer

Microeconomics

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