Five years ago, you deposited $1,000 in a bank account. One year ago, you deposited $2,000 in the same bank account. Assuming no other deposits and no withdrawals, what will be in the account 7 years from now? Assume an interest rate of 4%. Use the $ symbol and round to the nearest dollar...no decimal places...use a comma. Which of terest? You are on the Board of Directors of both Ford and GM You work for Tesla and also own at least 200 shares of Telsa stock. hulu
Five years ago, you deposited $1,000 in a bank account. One year ago, you deposited $2,000 in the same bank account. Assuming no other deposits and no withdrawals, what will be in the account 7 years from now? Assume an interest rate of 4%. Use the $ symbol and round to the nearest dollar...no decimal places...use a comma. Which of terest? You are on the Board of Directors of both Ford and GM You work for Tesla and also own at least 200 shares of Telsa stock. hulu
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Five years ago, you deposited $1,000 in a bank account. One year ago, you
deposited $2,000 in the same bank account. Assuming no other deposits and no
withdrawals, what will be in the account 7 years from now? Assume an interest rate
of 4%. Use the $ symbol and round to the nearest dollar...no decimal places...use a
comma.
Which of
terest?
You are on the Board of Directors of both Ford and GM
You work for Tesla and also own at least 200 shares of Telsa stock.
hulu
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