TD Bank showed that a client deposited $3000 into an investment plan account on February 1,...
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TD Bank showed that a client deposited $3000 into an investment plan account on February 1, 2015. The client invested an additional $1900 on February 1, 2016, and $1700 on February 1, 2019. What will the balance in the client's investment plan be on August 1, 2025, if the plan earns a fixed rate of interest of 7% compounded semi-annually? TD Bank showed that a client deposited $3000 into an investment plan account on February 1, 2015. The client invested an additional $1900 on February 1, 2016, and $1700 on February 1, 2019. What will the balance in the client's investment plan be on August 1, 2025, if the plan earns a fixed rate of interest of 7% compounded semi-annually?
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To calculate the balance in the clients investment plan on August 1 2025 we can use the formula for ... View the full answer
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
Posted Date:
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