If $200 is deposited in a savings account at the beginning of each of 15 years and the account draws interest at 8% per compounded annually, the value of the account at the end of 15 years will be nearly: O a. $6,000 O b. $5,400 O c. $6,900 O d. $5,864

If $200 is deposited in a savings account at the beginning of each of 15 years and the account draws interest at 8% per compounded annually, the value of the account at the end of 15 years will be nearly: O a. $6,000 O b. $5,400 O c. $6,900 O d. $5,864

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

elearn.iu.edu.jo/mod/quiz/attempt.php?att
البوابة التعليمية الإلكترونية لجامعة الإسراء Learn
stion 19
If $200 is deposited in a savings account at the beginning of each of 15 years and the account
draws interest at 8% per compounded annually, the value of the account at the end of 15
years will be nearly:
vet
vered
ed out of
Oa. $6,000
g
tion
O b. $5,400
O c. $6,900
O d. $5,864

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