You opened a savings account five years ago and deposited $500 at that time. The following year,
Fantastic news! We've Found the answer you've been seeking!
Question:
You opened a savings account five years ago and deposited $500 at that time. The following year, you added another $400 to the account. You did not add any more money until today when you deposited an additional $100 into the account. The rate of return is 3 percent compounded annually. How much is in the account after your latest deposit?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: