Answered: You put 250.00 in a bank for 5 years at…

You put 250.00 in a bank for 5 years at 12%. If intrest is added at the end of the year, what is the balance at the end of the 5th year?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

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You put 250.00 in a bank for 5 years at 12%. If intrest is added at the end of the year, what is the balance at the end of the 5th year?

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