How much money will be in the account after given time

Reference no: EM131967128

Question: If you deposit $713 at 8.4% annual interest compounded daily, how much money will be in the account after 18 years? (Assume that there are 364 days in a year and show your answer to the nearest cent. Round your answer to the nearest 2 decimal places. DO NOT round until after all calculations have been completed and you have reached your final answer. If your answer ends in a zero, only include 1 decimal place and omit the zero. If the answer ends in two zeros after rounding, do not use any decimal places as ANGEL does not recognize the ".00" endings and will remove points from your score.)

Suppose you deposit $425 today, $730 in one year, and $752 in two years in an account that pays an annual rate of interest of 9.1%. How much money will be in the account after three years? (Show your answer to the nearest cent. Round your answer to the nearest 2 decimal places. DO NOT round until after all calculations have been completed and you have reached your final answer. If your answer ends in a zero, only include 1 decimal place and omit the zero. If the answer ends in two zeros after rounding, do not use any decimal places as ANGEL does not recognize the ".00" endings and will remove points from your score.)

Reference no: EM131967128

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