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You deposit $1,800 at the end of each year into an account paying 10.1 percent interest. Required: (a) How much money will you have in
You deposit $1,800 at the end of each year into an account paying 10.1 percent interest. |
Required: | |
(a) | How much money will you have in the account in 16 years? |
A. 59,914.05 B. 71,156.22 C. 39,120.73 D. 28,800.00 E. 65,268.12 |
(b) | How much will you have if you make deposits for 32 years? |
A. 57,600.00 B. 369,565.48 C. 301,307.08 D. 454,543.63 E. 87,254.36 |
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