Question: You deposit $ 3 , 9 2 4 , 1 7 in an account today at a rate of 5 % . What will be

You deposit $3,924,17 in an account today at a rate of 5%. What will be in the account after 50 years assuming no other deposits or withdrawals? Round to the nearest dollar and use the $ symbol and a comms if applicable, should look something like $3,3,000
You deposit $ 3 , 9 2 4 , 1 7 in an account today

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!