Since then rates have been only 2 now you are 23 years old


Your wealthy uncle established a bank account with $2400 when you were born. For the first 9 years of your life, the interest rate earned on the account was 4%. Since then, rates have been only 2%. Now you are 23 years old and ready to cash in. How much is in your account. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Solution Preview :

Prepared by a verified Expert
Finance Basics: Since then rates have been only 2 now you are 23 years old
Reference No:- TGS02859093

Now Priced at $10 (50% Discount)

Recommended (91%)

Rated (4.3/5)