Question
Suppose Deshaun places $9000 in an account that pays %16 interest compounded each year. Assume that no withdrawals are made from the account. Follow the
Suppose Deshaun places $9000 in an account that pays %16 interest compounded each year. Assume that no withdrawals are made from the account.
Follow the instructions below. Do dont do any rounding.
Find the amount in the account at the end of 1 year ?
Find the amount in the account at the end of 2 year ?
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Making Hard Decisions with decision tools
Authors: Robert Clemen, Terence Reilly
3rd edition
538797576, 978-0538797573
