Each month you put $69.60 into the bank, with an APR of 3%, how much with you have after 10 years. How much money did you put in the bank over the 10 years? Account balance after 10 years (FV)? The total amount of interest earned? Thank you

Each month you put $69.60 into the bank, with an APR of 3%, how much with you have after 10 years. How much money did you put in the bank over the 10 years? Account balance after 10 years (FV)? The total amount of interest earned? Thank you

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...

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Question

Each month you put $69.60 into the bank, with an APR of 3%, how much with you have after 10 years.

How much money did you put in the bank over the 10 years?

Account balance after 10 years (FV)?

The total amount of interest earned?

Thank you

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