You deposited $5,000 four years ago into a bank account. Two years ago, you deposited an additional $4,000. Assume an annual interest rate of 6%. How much will be in the account in ten years from now? Use a $ symbol and a comma and zero decimal places
You deposited $5,000 four years ago into a bank account. Two years ago, you deposited an additional $4,000. Assume an annual interest rate of 6%. How much will be in the account in ten years from now? Use a $ symbol and a comma and zero decimal places
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 1P
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You deposited $5,000 four years ago into a bank account. Two years ago, you deposited an additional $4,000. Assume an annual interest rate of 6%. How much will be in the account in ten years from now? Use a $ symbol and a comma and zero decimal places
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