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How long would it take you to have a balance

Assignment Help Basic Statistics
Reference no: EM132131551

1. If you deposited $2,000 today in an account that gave you 5% APR compounded interest, how much would you have in 10 years?

2. Suppose you want $5,000 in your bank account when you graduate in four years, how much would you have to invest today at 7% APR to get it? (show work)

3. If you have a bank account with a balance of $200 how long would it take you to have a balance of $400 if the bank gave you 8% APR? (show work)

Reference no: EM132131551

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