ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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At age 20, a person deposits $355 in a saving account paying 1% interest compounded semiannually. How much money will be in the account 70 years later,when he is 90 years old?. Would his savings tripled in that time?.
Save At age 20, a person deposits $355 in a savings account paying 1% interest compounded semiannually. How much money will be in the account 70 years later, when he is 90 years old? Would his savings have tripled in that time? There will be $ in the account, (Round to the nearest cent as needed.) Clear all Check answer Textbook Statcrunch Ask my instructor 810 F 59°F 4/10/2 P Type here to search
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Transcribed Image Text:Save At age 20, a person deposits $355 in a savings account paying 1% interest compounded semiannually. How much money will be in the account 70 years later, when he is 90 years old? Would his savings have tripled in that time? There will be $ in the account, (Round to the nearest cent as needed.) Clear all Check answer Textbook Statcrunch Ask my instructor 810 F 59°F 4/10/2 P Type here to search
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