Answered: Assuming annual compounding, what is…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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		about $43,000
		about $281,000
		about $75,000
		about $130,000

Assuming annual compounding, what is the future value of $75,000 deposited in a bank today at an interest rate of 3.75% for 15 years? about $43,000 about $281,000 about $75,000 about $130,000