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If you invest $200 in a bank at 4% interest for 5 years, how much will you have at the end of five years? Question
If you invest $200 in a bank at 4% interest for 5 years, how much will you have at the end of five years?
Question 2: In relation to Question 1, if instead of investing a single $200, you instead invest $200 for each of the next 5 years (you deposit $1,000 total), how much will you have at the end of 5 years. Remember, you are earning 4% interest.
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