Question: LOSSO Do Homework ACTG 107 Fall 2020 Second 8 Weeks Homework: Lesson 1-1 Compounding and Future Value (LO 5.2) Score: 0 of 2 pts 1
LOSSO Do Homework ACTG 107 Fall 2020 Second 8 Weeks Homework: Lesson 1-1 Compounding and Future Value (LO 5.2) Score: 0 of 2 pts 1 of 5 (0 complete) P5-10 (similar to) (Related to Checkpoint 5.2) (Future value) If you deposit $3,800 today into an account earning an annual rate of return of 7 percent, what would your account be worth in 40 year a. If you deposit $3,800 today into an account earning an annual rate of return of 7 peroont, what would your account be worth in 40 years? $ 56,902.94 (Round to the nearest cent.) b. If you deposit $3,800 today into an account eaming an annual rate of return of 7 percent, what would your account be worth in 45 years? (Round to the nearest cent.)
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