1 you plan to deposit an amount into a savings account that, Ask an Expert

Economics

1. You plan to deposit an amount into a savings account that pays 3.5% annual interest. How many years you have to wait until your money doubles?

2. You have a $4,000 and consider putting it in a savings account that pays 2.85% annual interest rate. How much money there will be in your account 5 years later?

Please draw cash flow diagrams for each.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91954676

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