Determining the amout for deposits


Problem: You deposit $300 today, $500 one year from now, and $600 four years from now into an account that earns 6% compounded annually. How much money will you have 9 years from now?

  • $2,106
  • $1,822
  • $2,292
  • $1,871
  • $ 1,181
  • $2,025

Solution Preview :

Prepared by a verified Expert
Finance Basics: Determining the amout for deposits
Reference No:- TGS01797487

Now Priced at $20 (50% Discount)

Recommended (95%)

Rated (4.7/5)