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Janet's savings account balance is $702.63 today. She opened the account exactly 3 years ago with a single deposit. Janet has made no other deposits
Janet's savings account balance is $702.63 today. She opened the account exactly 3 years ago with a single deposit. Janet has made no other deposits and no withdrawals. The account earns a 0.75% annual percentage rate of interest, compounded daily. What was Janet's initial deposit? Your Answer: What is the future value in S) of cash flows 1-3 at the end of year 3. assuming a 6% interest rate (compounded annually)? End of year 1 2 Cash flow $600 888 690 3.500 1.250 4.530 2.350 O Your
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