Question
Susie deposits 1000 into her investment account at the end of each year for 5 years. The investment account earns 12%. At the end of
Susie deposits 1000 into her investment account at the end of each year for 5 years. The investment account earns 12%. At the end of each year, she withdraws interest earned in her investment account and deposits the interest into her checking account which earns 1%. Find the accumulated value in both of her accounts (combined) at the end of 5 years.
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Stats Data And Models
Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock
4th Edition
321986490, 978-0321989970, 032198997X, 978-0321986498
