Assume you deposited $3,200 in an account two years ago and are depositing another $5,000 today. You will make a final d

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Assume you deposited $3,200 in an account two years ago and are depositing another $5,000 today. You will make a final d

Post by answerhappygod »

Assume you deposited $3,200 in an account two years ago and aredepositing another $5,000 today. You will make a final deposit of$3,500 one year from now. What will your account balance be threeyears from now if the account pays 4.85 percent interest,compounded annually?
Multiple Choice
$13,033.95
$14,328.90
$12,431.05
$13,666.10
$13,430.84
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply