Based on simple interest annually how much will you have in


Suppose you just deposited $50 today into Bank of America savings account that has an APR of 6%.

Based on simple interest annually, how much will you have in the account after 35 years assuming no withdraw?

What would be your answer if the same interest is annual compounding instead?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Based on simple interest annually how much will you have in
Reference No:- TGS02799946

Expected delivery within 24 Hours