you deposit $3000 today in an account earning 3.5% annual interst and keep it for 10 years. In 10 years, you add $22,000 to your account, but the rate on your account changes to 7.5% annual interest (for exisisting balance and new deposit). you leave the account untouched for an additional 20 years. how much money you will have 30 years from now in this account?
you deposit $3000 today in an account earning 3.5% annual interst and keep it for 10 years. In 10 years, you add $22,000 to your account, but the rate on your account changes to 7.5% annual interest (for exisisting balance and new deposit). you leave the account untouched for an additional 20 years. how much money you will have 30 years from now in this account?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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