How much will samir have in this account at the end of 38


Samir placed $1,911 in a savings account today that has an annual interest rate of 11 percent, compounded annually. How much will Samir have in this account at the end of 38 years? Assume that all interest received at the end of the year is reinvested the next year.

Solution Preview :

Prepared by a verified Expert
Finance Basics: How much will samir have in this account at the end of 38
Reference No:- TGS02274057

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)