Linden deposits $100 into the Brockport Student Credit Union at the start of the school year. This ritual continues for the next 50 years, with an annual compounding interest of 2%. How much will Linden have saved up by the end of her 20th reunion at SUNY Brockport? 2,000 2,750 3,100.25 2,578.33

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter27: Time Value Of Money (compound)
Section: Chapter Questions
Problem 7E
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Linden deposits $100 into the Brockport Student Credit Union at the start of the school year. This ritual continues for the next 50 years, with an annual compounding interest of 2%. How much will Linden have saved up by the end of her 20th reunion at SUNY Brockport?

2,000

2,750

3,100.25

2,578.33

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