Question
You placed 41,012 in saving account today that earns an annual interest rate of 9 % compounded annually. How much you will have in this
You placed 41,012 in saving account today that earns an annual interest rate of 9 % compounded annually. How much you will have in this account at the end of 32 years? Assume that all interest received at the end of the year is reinvested the next year.
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Managerial Accounting
Authors: Ray H Garrison, Alan Webb, Theresa Libby
11th Canadian Edition
1259275817, 978-1259275814
