Question: There are THREE questions, please help with all three 1. You put $673 in the bank for 5 years at 11%. If interest is added
There are THREE questions, please help with all three
1. You put $673 in the bank for 5 years at 11%. If interest is added at the end of the year, how much will you have in the bank at the end of the fifth year? Round to the nearest penny, two decimal places.
2. You put $250 in the bank for 5 years at 12%. Using the Future Value of 1 Table, what factor would you use to calculate the future value of your deposit? Enter the factor as seen in the table, with five decimal places.
3. You put $3,833 in the bank for 12 years at 8%. Using the Future Value of 1 Table, what factor would you use to calculate the future value of your deposit? Round to four decimal places.
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