Ali deposits BD 2,500 in a savings account that pays interest at the rate of 5.5% per year, compounded annually. If all of the money is allowed to accumulate, how much money will the student have after 14 years?
Ali deposits BD 2,500 in a savings account that pays interest at the rate of 5.5% per year, compounded annually. If all of the money is allowed to accumulate, how much money will the student have after 14 years?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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Ali deposits BD 2,500 in a savings account that pays interest at the rate of 5.5% per year, compounded annually. If all of the money is allowed to accumulate, how much money will the student have after 14 years?
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