Complete column C for each year. The initial value will be the total amount in the account
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Question:
- Complete column C for each year. The initial value will be the total amount in the account from the previous year plus any additional deposits that you've made. Think carefully about what the exponent should be for this calculation.
- Complete column D by subtracting the total account investment (the money that you deposited) from the total in the account to find how much interest you've earned on your investment.
You are going to invest $1200 at the start of every year into an account that has an annual rate of return of 3%.
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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