7. If you deposit $14,000 in a bank account that pays 4.7% interest annually, how much would be in your account after 5 years?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PA: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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Chapter 3
7. If you deposit $14,000 in a bank account that pays 4.7% interest annually, how much would be in your
account after 5 years?
Transcribed Image Text:Chapter 3 7. If you deposit $14,000 in a bank account that pays 4.7% interest annually, how much would be in your account after 5 years?
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