2. The amount of money that would be in the account if you left the money there until your 65th birthday is closest to: a. $ 106,271.17 b. $112,743.09 c. $ 116,125.38 d. $ 119,609.14 e. $ 126,893.34 f. None of the above is within $1,000 of the amount of money that would be in the account if you left it there until your 65t birthday. Chapter 3 Review Problems Your great aunt Matilda put some money in an account for you on the day you were born. This account pays 3% interest compounded annually. On your 21st birthday the account balance was $33,555.50. 1. The amount of money that your great aunt Matilda originally put into the account is closest to: a. $ 33,555.50 b. $ 19,136.23 c. $ 18,578.87 d. $ 18,037.73 e. $ 17,512.36 f. $ 17,002.29 can you explain every step, and right out the equations.

2. The amount of money that would be in the account if you left the money there until your 65th birthday is closest to: a. $ 106,271.17 b. $112,743.09 c. $ 116,125.38 d. $ 119,609.14 e. $ 126,893.34 f. None of the above is within $1,000 of the amount of money that would be in the account if you left it there until your 65t birthday. Chapter 3 Review Problems Your great aunt Matilda put some money in an account for you on the day you were born. This account pays 3% interest compounded annually. On your 21st birthday the account balance was $33,555.50. 1. The amount of money that your great aunt Matilda originally put into the account is closest to: a. $ 33,555.50 b. $ 19,136.23 c. $ 18,578.87 d. $ 18,037.73 e. $ 17,512.36 f. $ 17,002.29 can you explain every step, and right out the equations.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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