If your bank pays you 1.5% interest and you deposit $500 today, what will your balance be

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If your bank pays you 1.5% interest and you deposit $500 today, what will your balance be in 5 years? Consider the following alternatives: i. $100 received in one year ii. $200 received in 5 years iii. $300 received in 10 years

Posted Date: Jun 06, 2024 04:07 PM

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If your bank pays you 1.5% interest and you deposit $500 today, what will your balance be

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