Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. suppose you deposited $1,547 in a bank account at

Suppose you deposited $1,547 in a bank account at the end of each year for...

90.2K

Verified Solution

Question

Accounting

image
Suppose you deposited $1,547 in a bank account at the end of each year for the next 3 years. How much would be in that account at the end of the 3th year if the deposits earned 6% interest each year? (Work out the problem on a separate sheet of paper before entering the answer.) (Round up your answer to two decimal point)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

For a roll with two dice, the following events are considered: A: The sum of eyes is...

Advance Math
Q

Zn is to be recovered from an ore containing ZnS. The ore is first roasted with...

Chemistry
Q

Question 29 3 points 4 Listen List three reasons why insects are such a successful...

Biology
Q

50 In the above problem between the two fragments when their position vectors are perpendicular...

Physics
Q

The arrangement shown in Fig 1 64 consists of two identical uniform solid cylinders each...

Physics
Q

I contributed a lot of money to...

Accounting
Q

1.What is the definition of tax? Why are taxes not penalties or fines? 2.Discuss the...

Accounting
Q

Required information [The following information applies to the questions displayed below.] Morganton Company...

Accounting
Q

Shown below is selected information from the financial statements of Dickson, Inc., a retail furniture...

Accounting
Q

Chapter 17 Activity-Based Costing and Analyss nalysis with ABC prtment A. In department B, the...

Accounting
Q

What is the operating cash flow for 2009? Question 18 options: ...

Finance
Q

The goals of the Federal Reserve Bank are to maintain full employment, stable prices, and...

Finance