You choose to invest your $3,060 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? Note: Round your answer to the nearest cent.

You choose to invest your $3,060 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? Note: Round your answer to the nearest cent.

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 7CE

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