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35. Suppose that you deposited $3420 on January 1, 2005, in a savings account paying 6% annual interest, with in- terest credited to the
35. Suppose that you deposited $3420 on January 1, 2005, in a savings account paying 6% annual interest, with in- terest credited to the account on December 31 of each year. On January 1, 2007, you withdrew $1500, and on January 1, 2008, you withdrew $1000. If you make no other withdrawals, what will be the balance in your ac- count on January 1, 2011?
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Financial Accounting an introduction to concepts, methods and uses
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
13th Edition
978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003
