You deposit $4,000 in a fund at the end of each year for 7 years. The fund pays 7% compounded annually. How much money is available to withdraw immediately after your last deposit? $ Round entry to the nearest dollar. Tolerance is +4.
You deposit $4,000 in a fund at the end of each year for 7 years. The fund pays 7% compounded annually. How much money is available to withdraw immediately after your last deposit? $ Round entry to the nearest dollar. Tolerance is +4.
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 16E
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Transcribed Image Text:You deposit $4,000 in a fund at the end of each year for 7 years. The fund pays 7% compounded annually. How much money is available
to withdraw immediately after your last deposit? $
Round entry to the nearest dollar. Tolerance is +4.
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