If you deposited $1,000 into a interest-bearing account today and the bank pays you an annual interest
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Question:
If you deposited $1,000 into a interest-bearing account today and the bank pays you an annual interest rate of 2% and you did not make any more deposits to the account. How much would the account be worth two years from today (future value)?
Related Book For
Fundamentals of Financial Management
ISBN: 978-1337395250
15th edition
Authors: Eugene F. Brigham, Joel F. Houston
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