How much interest will you earn during the 7 years round, Ask an Expert

Accounting

If you put $7,000 in a savings account that pays interest at the rate of 3 percent, compounded annually,
how much will you have in 7 years? Round the answer to the nearest cent.

(Hint: Use the future value formula.)

how much interest will you earn during the 7 years? Round the answer to the nearest cent

If you put $7,000 at the end of each year into a savings account that pays interest at the rate of 3 percent a year, how much would you have after 7 years?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9681541

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