1. What is the balance in a bank account at the end of 10 years...
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Accounting
1. What is the balance in a bank account at the end of 10 years if $2,500 is deposited today and the account earnd 4% interest compounded annually? Quarterly?
2. If you deposit $10 in an account that pays 5% inteterst, compounded annually, how much will you have at the end of 10 years? 20 years? 50 years?
3. Suppose you deposit $100,000 in an account today that pays 6% interest, compounded annually. How long does it take before the balance in your account is $500,000?
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