Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. lets say that you deposit $3,000 at the end of eve

Lets say that you deposit $3,000 at the end of every year in your bank...

70.2K

Verified Solution

Question

Finance

Lets say that you deposit $3,000 at the end of every year in your bank account over the next 12 years and that you earn an interest rate of 8% a year on your deposits. How much money will you have saved? Enter your answer to the nearest whole dollar (ex. $16,432 = 16,432).

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

1) Best Darn Glasses (BDR) is thinking of investing in a sandblasting machine for its glassware....

Finance
Q

What are the differences between AASHTO 1993 and Al method? what are the similarities?

Civil Engineering
Q

Discuss with examples, the features of the Uses and Gratifications Theory of communication.

General Management
Q

Classify each phrase as a descriptor of ABC transporters P type ATPases or both Note...

Biology
Q

In a common emitter transistor amplifier the audio signal voltage across the collector is 3V...

Physics
Q

7 2 4 O x y 4x 2 0 2 N Ox y 4x 4y...

Geometry
Q

2 Write the last two digits of your 1000 student ID number with a decimal...

Statistics
Q

Once Kate s kite reaches a height of 57 ft above her hands it rises...

Calculus
Q

A new car is purchased for 24000 dollars. The value of the car depreciates at...

Algebra
Q

21 5 points Solve for x log x log x 4 log 12

Algebra
Q

Take-a-Break Travel Company offers spring break travel packages to college students. Two of its packages,...

Accounting
Q

Esfandairi Enterprises is considering a new three-year expansion project that requires an initial fixed asset...

Accounting