Refer to the table representing Kara's bank account. Assuming that $2,000 was deposited into her account at the beginning of year 1, and no further deposits or withdrawals were made, the value for cell E: 

is $662.

is $2,662.

is $2,420.

cannot be determined.
 

Transcribed Image Text:

Beginning Year Period Value 1 23 3 $2,000 $2,200 C Total Interest A $420 D End Period Value $2,200 B E Beginning Year Period Value 1 23 3 $2,000 $2,200 C Total Interest A $420 D End Period Value $2,200 B E

Answer rating: 100% (QA)

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