Question: just answer is fine no process 1. 2. 3. You plan to deposit $1,000 today, $5,000 in one year and $1,000 in two years in



You plan to deposit $1,000 today, $5,000 in one year and $1,000 in two years in an account earning 6.0% interest. What will the account balance be in 4 years? Round to the nearest cent. Numeric Answer You are planning to deposit $5,000 in a CD account. You'd like your deposit to grow to $6,000 in 5 years. If interest in the account compounds monthly, what annual interest rate do you need? Answer in percentage rounded to two decimal places. Numeric Answer: You are planning to deposit $2000 into an account at the end of year 1 and $6000 at the end of year 2. If the account earns 2% interest, what will the account balance be by the end of year 3? Round to the nearest cent. Numeric
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
