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(Related to Checkpoint 5.2) (Future value) If you deposit $3,000 today into an account earning an annual rate of return of 11 percent, what would
(Related to Checkpoint 5.2) (Future value) If you deposit $3,000 today into an account earning an annual rate of return of 11 percent, what would your account be worth in 25 years (assuming no further deposits)? In 30 years? a. If you deposit $3,000 today into an account earning an annual rate of return of 11 percent, what would your account be worth in 25 years? (Round to the nearest cent.) b. If you deposit $3,000 today into an account earning an annual rate of return of 11 percent, what would your account be worth in 30 years? (Round to the nearest cent.)
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