Theo is depositing $1,300 today in an account with an expected rate of return of 8.1 percent. If he deposits an additional $3,200 two years from today, and $4,000 three years from today, what will his account balance be ten years from today
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Ответ:
$15,699.54
Explanation:
The computation of the account balance after 10 years from today is shown below:
= Future value of amount deposited today × (1 + interest rate)^number of years + Future value of amount deposited two years × (1 + interest rate)^number of years + Future value of amount deposited three years × (1 + interest rate)^number of years
= $1,300 × (1 + 8.1%)^10 + $3,200 × (1 + 8.1%)^8 + $4,000 × (1 + 8.1%)^7
= $2,832.70 + $5,966.99 + $6,899.85
= $15,699.54
Ответ:
i beileve the answer is A
Explanation: