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If you deposited $5,000 in your saving account three years ago and you will collect them now as $5,955.08: What was your account interest for
If you deposited $5,000 in your saving account three years ago and you will collect them now as $5,955.08: What was your account interest for the past three years? Use excel sheet to show your calculations, take a snap shot and paste it in the MS Word answer document. Usin a. b. g the same interest rate that you calculated if you left your money in the bank how long would it take for the initial deposited amount to double? Use the tables in the back of the book to find the discount factor of an institution that provides l 1% compound interest after 6 years of investment. Which institution would you prefer, this one or the first one? Why? c
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