Question

In: Finance

2. If you deposited $3500 today into an account earning an 11% annual rate of return,...

2. If you deposited $3500 today into an account earning an 11% annual rate of return, what will your account be worth in 35 years? (show your work) a. in 40 years? (show your work)

Solutions

Expert Solution

Answer:- Worth of account in 35 years = $135011.98

Worth of account in 40 years = $227503.04

Explanation:

jeff jeffy answered 2 years ago
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