thomasmangrun thomasmangrun
  • 22-02-2021
  • Business
contestada

You deposit $1,800 at the end of each year into an account paying 10.6 percent interest.

a. How much money will you have in the account in 16 years?

Respuesta :

cmoe44
cmoe44 cmoe44
  • 22-02-2021

Answer:

4852.80

Explanation:

1800×10.6%= 190.80 / year

190.80 × 16 years = 3052.80

3052.80 + 1800=

4852.80

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