Suppose that $3500 is placed in an account that pays 8% interest compounded each year. Assume...
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Suppose that $3500 is placed in an account that pays 8% interest compounded each year. Assume that no withdrawals are made from the account. Follow the instructions below. Do not do any rounding, Find the amount in the account at the end of 1 year ____? Find the amount in the account at the end of 2 years ? Suppose that $3500 is placed in an account that pays 8% interest compounded each year. Assume that no withdrawals are made from the account. Follow the instructions below. Do not do any rounding, Find the amount in the account at the end of 1 year ____? Find the amount in the account at the end of 2 years ?
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Answer rating: 100% (QA)
At the end of 1 year the amount in the account is 3780 At the end ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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