If you invest $2,589.70 in an account earning an annual interest rate of 2.539% compounded monthiy, how much will be in your account after 5 years? After 11 years? After 5 years: (Note: Your answer should include a dollar sign and be accurate to two decimal places) After 11 years: (Note: Your answer should include a dollar sign and be accurate to two decimal places)

If you invest $2,589.70 in an account earning an annual interest rate of 2.539% compounded monthiy, how much will be in your account after 5 years? After 11 years? After 5 years: (Note: Your answer should include a dollar sign and be accurate to two decimal places) After 11 years: (Note: Your answer should include a dollar sign and be accurate to two decimal places)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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