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Hoa invests $4,500 today and $2,000 at the end of next year (year 2). What is the total amount in Hoas account at the end
Hoa invests $4,500 today and $2,000 at the end of next year (year 2). What is the total amount in Hoa’s account at the end of year 3 if annual interest is 6%?
a). $7,056.20
b). $7,479.57
c). $6,890.00
d). $5,056.20
e). $7,000.00
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