Suppose you deposit $2000into an account at the end of each year forthe next 10 years and
Fantastic news! We've Found the answer you've been seeking!
Question:
Suppose you deposit $2000into an account at the end of each year forthe next 10 years and then you stop making deposits. If the account earns 12%(assume annual compounding), how much will be in the account at the end of 30 years?
A) 35,097
B) 192,926
C) 338,560
D) 482,665
E) Insufficient information to compute
Expert Answer:
Posted Date:
