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Taylor puts $250 in the bank for 5 years at 12%. How much will she have in bank at the end of year 1? year
Taylor puts $250 in the bank for 5 years at 12%. How much will she have in bank at the end of year 1? year 2 ? year 3 ? 4 and 5 ? Assume interest is added at the end of year. Use the future value of $1 table. B. to determine the interest amount and the money in the bank at the end of year 1 -5. The first factor for Year 1 has been provided for you. Note: For the future value factor do not round (write the full number as it is on the future value table). For the year end balance, use a decimal point to indicate the cash balance in dollars and cents. Katarzyna has deposited money annually into and investment account at various rates and times. What is the value at the end of the period for each of the deposits? Note: Include cents value only if it is greater than zero
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