What is the original balance worth at the end of six years


Is this right?

You place $25,000 in a savings account paying an annual compound interest of 8 percent for 3 years and then move it into a savings account that pays 10 percent interest compounded annually. What is the original balance worth at the end of six years? Note: format is $xx,xxx.xx

PV  -64,427 PV  -108,882 $108,882

Solution Preview :

Prepared by a verified Expert
Finance Basics: What is the original balance worth at the end of six years
Reference No:- TGS02278571

Now Priced at $10 (50% Discount)

Recommended (99%)

Rated (4.3/5)