Question
HW 2A Question 2 You placed $5,775 in a savings account today that earns an annual interest rate of 7 percent compounded annually. How much
HW 2A
Question 2
You placed $5,775 in a savings account today that earns an annual interest rate of 7 percent compounded annually. How much you will have in this account at the end of 38 years? Assume that all interest received at the end of the year is reinvested the next year.
Round the answer to two decimal places.
Your Answer:
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
7th Edition
0273658492, 978-0273658498
