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Introduction to Finance

label Business
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schedule 0 Hours
account_balance_wallet $5

You deposit $1,900 at the end of each year into an account paying 10.1 percent interest.

1) How much money will you have in the account in 24 years?

2) How much will you have if you make deposits for 48 years?

Feb 14th, 2015

a=(p*r%*t)+principle

interest=$1900*10.1/100*24

4605.6+1900

=$6505.6

B

a=(p*r%*t)+principle

interest=$1900*10.1/100*48

=$9211.2+1900

=$11111.2

Thanks



Feb 14th, 2015

I don't think your answers are right cuz none of them in choices!

Feb 15th, 2015

okey


Feb 15th, 2015

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