You plan to deposit $100 in Year 1 and $400 in Year 3 into your...
60.1K
Verified Solution
Link Copied!
Question
Finance
You plan to deposit $100 in Year 1 and $400 in Year 3 into your saving account. How much will you have in your account in Year 8? The interest rate is 4%.
Year 1 2 3
Cash flow $100 $0 $400
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!
