If you put 4000 in savings account that pays interest rate


If you put $4000 in savings account that pays interest rate of 4%, compounded annually, how much will you have in 5 years? How much interest will you earn during the 5 years? If you put $4000 each year into a savings account that pays interest at the rate of 4% a year, how much would you have after 5 years?

Solution Preview :

Prepared by a verified Expert
Risk Management: If you put 4000 in savings account that pays interest rate
Reference No:- TGS01591052

Now Priced at $10 (50% Discount)

Recommended (90%)

Rated (4.3/5)