Todd and Lisa are saving $2000 at the end of every yearin an account that pays 6% interest. If there are no withdrawals from the account, the balance after ten years will be nearest: A) $20,000 B) $21,200 C) $26,000 D) $26,400
Todd and Lisa are saving $2000 at the end of every yearin an account that pays 6% interest. If there are no withdrawals from the account, the balance after ten years will be nearest: A) $20,000 B) $21,200 C) $26,000 D) $26,400
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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Todd and Lisa are saving $2000 at the end of every yearin an account that pays 6% interest. If there are no withdrawals from the account, the balance after ten years will be nearest:
A) $20,000
B) $21,200
C) $26,000
D) $26,400
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