Question
You placed $1,360 in a savings account today that earns an annual interestrate of 9 percent compounded annually. How much will you have in this
You placed $1,360 in a savings account today that earns an annual interestrate of 9 percent compounded annually. How much will you have in this account at the end of 17 years? Assume that all interest received at the end of the year is reinvested the next year.
Round the answer to two decimals.
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Analysis for Financial Management
Authors: Robert C. Higgins
12th edition
1259918963, 9781260140729 , 978-1259918964
