Answered: You deposit $3000 each year into an…

You deposit $3000 each year into an account earning 5% interest compounded annually. How much will you have in the account in 20 years?

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter9: Sequences, Probability And Counting Theory

Section: Chapter Questions

Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...

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You deposit $3000 each year into an account earning 5% interest compounded annually. How much will you have in the account in 20 years?

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