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Ten years ago you deposited $4,000 into a new bank account and made no further deposits until today, when you deposited $1,000 more. If the
Ten years ago you deposited $4,000 into a new bank account and made no further deposits until today, when you deposited $1,000 more. If the balance today after the $1,000 deposit is $6,480.96, the bank continues to pay the same EAR (or APY) it always has, and you make no further deposits, what will the balance be 5 years from today? Choose the closest answer. a. $8,249.53 Ob $8,328.48 Oc $8,463.87 Od: $7,586.44
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