You deposit $3800 in an account with an annual interest of 5.1% for 10 years the...

You deposit $3800 in an account with an annual interest of 5.1% for 10 years

the amount of money you’ll have at the end of the 10 years is _______ (type an integer or a decimal)

Solutions

Expert Solution

PV =3800
Rate =5.1%
Number of years =10
Amount you will have in 10 years =PV*(1+r)^n =3800*(1+5.1%)^10 =6249.00

jeff jeffy answered 1 year ago

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