Your bank pays 2.7% interest per year. You put $1,200 in the bank today and $600 more in the bank in one year. How much will you have in the bank in 2 years? ..... In two years, the amount that you will have is $ (Round to the nearest cent.)
Your bank pays 2.7% interest per year. You put $1,200 in the bank today and $600 more in the bank in one year. How much will you have in the bank in 2 years? ..... In two years, the amount that you will have is $ (Round to the nearest cent.)
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...
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