Question
You put $1500 in a savings account with an APR of 3.7% that compounds quarterly. Assume you do not make any other deposits or withdrawals
You put $1500 in a savings account with an APR of 3.7% that compounds quarterly. Assume you do not make any other deposits or withdrawals
a. How much money is in the account after 3 years?
b. About how long will it take for your money to double?
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Financial Accounting an introduction to concepts, methods and uses
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
13th Edition
978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003
