suppose you have 100 dollars in a saving account and the bank adds 10 percent per year to the account. how much money would you have in the account after 5 years if you did not remove any money from the account? a. more than 150 b. exactly 150 c. less than 150
suppose you have 100 dollars in a saving account and the bank adds 10 percent per year to the account. how much money would you have in the account after 5 years if you did not remove any money from the account? a. more than 150 b. exactly 150 c. less than 150
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 4QTD
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suppose you have 100 dollars in a saving account and the bank adds 10 percent per year to the account. how much money would you have in the account after 5 years if you did not remove any money from the account?
a. more than 150
b. exactly 150
c. less than 150
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