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LL RIGHT 1. (3 points) Today you deposit $2,500 into a bank account that pays 3.5% interest, compounded annually. what will your future value be
LL RIGHT 1. (3 points) Today you deposit $2,500 into a bank account that pays 3.5% interest, compounded annually. what will your future value be in 5 years? How much interest will you have earned? PV = 2,500 I = 3,5% N= 3 FV = (1+IJY = 1,1877. 2,500 = 2,969.25
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