If you deposit $8,000 in a bank account that pays 7% interest annually, how much will be in your account after 15 years?  If you deposit $4,000 in a bank account that pays 8.6% interest annually, how much will be in your account after 3 years? If you deposit $1,000 today, and $1,500 every year, in a bank account that pays 4% interest annually, how much will be in your account after 23 years?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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If you deposit $8,000 in a bank account that pays 7% interest annually, how much will be in your account after 15 years? 

If you deposit $4,000 in a bank account that pays 8.6% interest annually, how much will be in your account after 3 years?

If you deposit $1,000 today, and $1,500 every year, in a bank account that pays 4% interest annually, how much will be in your account after 23 years? 

If you deposit $14,000 in a bank account that pays 3.7% interest annually, how much will be in your account after 5 years?

If you deposit $13,000 in a bank account that pays 13% interest annually, how much will be in your account after 13 years?

If you deposit $7,500 today, and $2,000 every year, in a bank account that pays 2.8% interest annually, how much will be in your account after 35 years?

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