Question
Spartan Credit Bank is offering 7.6 percent compounded daily onits savings accounts. You deposit $6,000 today. a. How much will you have in the account
Spartan Credit Bank is offering 7.6 percent compounded daily onits savings accounts. You deposit $6,000 today.
a. How much will you have in the account in 5 years? (Use365 days a year. Do not round intermediate calculations and roundyour answer to 2 decimal places, e.g., 32.16.) b. How much will you have in the account in 10 years? (Use365 days a year. Do not round intermediate calculations and roundyour answer to 2 decimal places, e.g., 32.16.)
c. How much will you have in the account in 20 years? (Use365 days a year. Do not round intermediate calculations and roundyour answer to 2 decimal places, e.g., 32.16.)
Spartan Credit Bank is offering 7.6 percent compounded daily onits savings accounts. You deposit $6,000 today. |
| a. | How much will you have in the account in 5 years? (Use365 days a year. Do not round intermediate calculations and roundyour answer to 2 decimal places, e.g., 32.16.) |
| b. | How much will you have in the account in 10 years? (Use365 days a year. Do not round intermediate calculations and roundyour answer to 2 decimal places, e.g., 32.16.) |
| c. | How much will you have in the account in 20 years? (Use365 days a year. Do not round intermediate calculations and roundyour answer to 2 decimal places, e.g., 32.16.) |
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
978-0538453257
