3. Your parents gave you $1,000 for your 16th birthday. You want to deposit it in a...
Question:
3. Your parents gave you $1,000 for your 16th birthday.
You want to deposit it in a CD account that is earning 6% annually. Calculate how much your gift will be worth when you graduate from college exactly six years from now using the following methods: (LO 4-3)
a. Long-hand formula
b. Reference table
c. Financial calculator
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Related Book For 
Personal Finance Building Your Future
ISBN: 9780077861728
2nd Edition
Authors: Robert Walker, Kristy Walker
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