Question
You open a savings account with your bank by depositing $200.00 today. Hereafter, you authorize the bank to transfer $200.00 from your checking to your
You open a savings account with your bank by depositing $200.00 today. Hereafter, you authorize the bank to transfer $200.00 from your checking to your savings account automatically at the beginning of each month for the next 5 years. The bank offers a rate of 1.25%. How much will you have in your savings account in 5 years?
Group of answer choices
$8,078.67
$9,784.64
$12,389.18
$12,376.29
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
