Question: How much is a $ 1 8 0 0 0 investment in a savings account worth after 3 years if the bank pays an annual

How much is a $18000 investment in a savings account worth after 3 years if the bank pays an annual interest rate of 1%?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!