Question
You placed $5,926 in a savings account today that earns an annual interest rate of 9 percent compounded annually. How much will you have in
You placed $5,926 in a savings account today that earns an annual interest rate of 9 percent compounded annually. How much will you have in this account at the end of38 years? Assume that all interest received at the end of the year is reinvested the next year.
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Personal Finance
Authors: Jeff Madura
7th Edition
0134989961, 978-0134989969
