you deposit 4000 each year into an account earning 2 interest compounded annually how much will

Name: you deposit 4000 each year into an account earning 2 interest compounded annually how much will you have in the account in 35 years 04064
Uploaded: 2022-01-30T19:32:37-08:00
Duration: 5 min 7 s
Channel: Ishana K
Description: you deposit 4000 each year into an account earning 2 interest compounded annually how much will you have in the account in 35 years 04064

Question

Oswaldo Jiménez · Accepted Answer

First, we need to understand that this is an annuity problem where a fixed amount ($4000) is dep

Question

You deposit $4000 each year into an account earning 2% interest compounded annually. How much will you have in the account in 35 years?

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