Question: round to nearest cent ! thanks Find the future value of each deposit if the account pays (a) simple interest, and (b) interest compounded annually.
round to nearest cent ! thanks
Find the future value of each deposit if the account pays (a) simple interest, and (b) interest compounded annually. $2500 at 3% for 6 years (a) The future value of an account that pays simple interest is $ (Type an integer or decimal rounded to the nearest cent as needed.)
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
