You Save Bank has a unique account. If you deposit $7,250 today, the bank will pay you an annual interest rate of 4 percent for 5 years, 4.6 percent for 4 years, and 5.3 percent for 8 years. How much will you have in your account in 17 years? O $12,124.78 O $12,982.10 O $15,960.94 O $14,12 28 O $15,131.60
You Save Bank has a unique account. If you deposit $7,250 today, the bank will pay you an annual interest rate of 4 percent for 5 years, 4.6 percent for 4 years, and 5.3 percent for 8 years. How much will you have in your account in 17 years? O $12,124.78 O $12,982.10 O $15,960.94 O $14,12 28 O $15,131.60
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter4: Managing Your Cash And Savings
Section: Chapter Questions
Problem 7FPE: Calculating interest earned and future value of savings account. If you put 6,000 in a savings...
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![You Save Bank has a unique account. If you deposit $7,250 today, the bank will pay you an annual
interest rate of 4 percent for 5 years, 4.6 percent for 4 years, and 5.3 percent for 8 years. How much
will you have in your account in 17 years?
O $12,124.78
O $12,982.10
O $15,960.94
O $14,12.28
O $15,131.60](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9f13de0d-8ee2-4557-ab0a-aa1afa2929f4%2F32702019-0463-4f94-b33f-f60eba64aa44%2F2ky5ivf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You Save Bank has a unique account. If you deposit $7,250 today, the bank will pay you an annual
interest rate of 4 percent for 5 years, 4.6 percent for 4 years, and 5.3 percent for 8 years. How much
will you have in your account in 17 years?
O $12,124.78
O $12,982.10
O $15,960.94
O $14,12.28
O $15,131.60
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