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Can you also explain in details how you came to that answer? Bob deposits the amount of $115 in his bank account today, and plans
Can you also explain in details how you came to that answer?
Bob deposits the amount of $115 in his bank account today, and plans to deposit the amount of $145 in the same account one year from today, and finally plans to deposit the amount of $200 in the same account two years from now. If the interest rate is 4.75%, how much will Bob have accumulated in his account three years from today? You should set your calculator for at least four decimal places of accuracy. I'll remind you of this from time to time but this is a working rule throughout the semester. Place your answer in dollars and cents. Do not include a dollar sign or comma in your answer. This is another rule that I'll remind you of but should be a working rule throughout the semesterStep by Step Solution
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