Jared left $2000 in his saving account at his bank. His savings account pays 3.5% simple interest annually on the principal. He hasn't checked his balance in three years since his deposit, how much money will he have in this account?
Jared left $2000 in his saving account at his bank. His savings account pays 3.5% simple interest annually on the principal. He hasn't checked his balance in three years since his deposit, how much money will he have in this account?
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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Jared left $2000 in his saving account at his bank. His savings account pays 3.5% simple interest annually on the principal. He hasn't checked his balance in three years since his deposit, how much money will he have in this account?
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