You placed $3,278 in a savings account today that earns an annual interest rate of 15 percent compounded annually. How m

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

You placed $3,278 in a savings account today that earns an annual interest rate of 15 percent compounded annually. How m

Post by answerhappygod »

You placed $3,278 in a savings account today that earns an
annual interest rate of 15 percent compounded annually. How much
you will have in this account at the end of 35 years? Assume that
all interest received at the end of the year is reinvested the next
year.
Round the answer to two decimal places.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”