You choose to invest your $3,435 income tax refund check (rather than spend it) in an account earning 6% compounded annually. How much will the account be worth in 30 years? (Use the Table pravided.) (Round your answer to the nearest cent.) Worth

You choose to invest your $3,435 income tax refund check (rather than spend it) in an account earning 6% compounded annually. How much will the account be worth in 30 years? (Use the Table pravided.) (Round your answer to the nearest cent.) Worth

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter4: Managing Your Cash And Savings

Section: Chapter Questions

Problem 7FPE: Calculating interest earned and future value of savings account. If you put 6,000 in a savings...

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You choose to invest your $3,435 income tax refund check (rather than spend it) in an account earning 6% compounded annually.
How much will the account be worth in 30 years? (Use the Table provided.) (Round your answer to the nearest cent.)
Worth

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