Question: how to dobthis question? please explain it for me thx You have been depositing money at the end of each year into an account drawing

 how to dobthis question? please explain it for me thx You

how to dobthis question? please explain it for me thx

You have been depositing money at the end of each year into an account drawing 8% interest. What is the balance in the account at the end of year four if you deposited the following amounts? 20 / Year End of Year Deposit $350 $500 $725 $400 4 A. $2,207 B. $1,622 C. $2,687 D. $2,384 Answer: A. $2,207

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!