Nathaniel will deposit $32,000 in a bank account six years from now. The account will pay 8.2% per annum thereafter. He will add another $1,000 in exactly one year after his first deposit but otherwise leave the money untouched. 

How much will Nathaniel have in his account twelve years from now? Assume annual compounding and round your answer to two decimal places

Answer rating: 100% (QA)

To calculate how much Nathaniel will have in his account twelve years from now we can break this dow... View the full answer