You have $600 and a bank is offering 0.01% (APR) interest on deposits. If you...
60.1K
Verified Solution
Link Copied!
Question
Accounting
You have $600 and a bank is offering 0.01% (APR) interest on deposits. If you deposit the money in the bank for your retirement, how much will you have in 40 years? Answer to the nearest whole dollar (\$) - No decimals Selected Answer: 403
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: Zin AI - Your personal assistant for all your inquiries!
