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just answer is fine no process 1. 2. 3. You are planning to deposit $2,000 into an account at the end of year 1 and
just answer is fine no process
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You are planning to deposit $2,000 into an account at the end of year 1 and $3,000 at the end of year 2. If the account earns 4% interest, what will the account balance be by the end of year 3? Round to the nearest cent. Numeric Answer: You decide you want to start saving some of your money, and decide you can afford to set aside $6,000 every year for the next 15 years at the end of each year based on your current income and expenses. Given an interest rate of 3%, how much will you have saved up in 15 years? Round to the nearest cent. Numeric Answer: You find out you're going to be inheriting some money from a very distant older cousin that just passed away. However, the cousin has decided to give this money to you in equal sized portions over the next 25 years at the end of each year. If she's promised to give you $10,000 each year, and the applicable discount rate is 4%, how much is your inheritance worth to you today? Round to the nearest cent. Numeric Step by Step Solution
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