Question Help ▼ You plan to deposit $800 in a bank account now and $500 at the end of the year, If the acbount earns 3% interest per year, what will be the balance in the account right after you make the second deposit? The balance in the account right after you make the second deposit will be $. (Round to the nearest dollar.)

Question Help ▼ You plan to deposit $800 in a bank account now and $500 at the end of the year, If the acbount earns 3% interest per year, what will be the balance in the account right after you make the second deposit? The balance in the account right after you make the second deposit will be $. (Round to the nearest dollar.)

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 5CE

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