Lyndsay puts $1,000.00 into a savings account that pays 3% interest, compounded annually. As the interest is earned, she leaves it in her account. At the end of the third year, what is her balance? Group of answer choices $1,030.00 $1,090.00 $1,092.73 $1,095.95
Lyndsay puts $1,000.00 into a savings account that pays 3% interest, compounded annually. As the interest is earned, she leaves it in her account. At the end of the third year, what is her balance? Group of answer choices $1,030.00 $1,090.00 $1,092.73 $1,095.95
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 10PROB
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Lyndsay puts $1,000.00 into a savings account that pays 3% interest, compounded annually. As the interest is earned, she leaves it in her account. At the end of the third year, what is her balance?
Group of answer choices
$1,030.00
$1,090.00
$1,092.73
$1,095.95
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