If you deposit $4,000 at the end of each of the next 20 years into an account paying 9 7 percent interest, how much money will you have in the account in 20 years How much will you have if you make deposits for 40 years

Question

If you deposit $4,000 at the end of each of the next 20 years into an account paying 9 7 percent interest, how much money will you have in the account in 20 years  How much will you have if you make deposits for 40 years

Accepted Answer

The Answer is in the image, click to view ...

Question

If you deposit $4,000 at the end of each of the next 20 years into an account paying 9.7 percent interest, how much money will

If you deposit $4,000 at the end of each of the next 20 years into an account paying 9.7 percent interest, how much money will you have in the account in 20 years? How much will you have if you make deposits for 40 years?

Step by Step Solution

Step: 1

Get Instant Access to Expert-Tailored Solutions

Step: 2

Step: 3

Ace Your Homework with AI