Tristan will deposit $254 into an account every two weeks (26 times per year). The account earns an APR of 4.1%. If Tessi Jo does this for 10 years, how much money will the investment be worth? Round to the nearest whole number.
Tristan will deposit $254 into an account every two weeks (26 times per year). The account earns an APR of 4.1%. If Tessi Jo does this for 10 years, how much money will the investment be worth? Round to the nearest whole number.
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 11E
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Tristan will deposit $254 into an account every two weeks (26 times per year). The account earns an APR of 4.1%. If Tessi Jo does this for 10 years, how much money will the investment be worth? Round to the nearest whole number.
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