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What would be the money in her bank balance today

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Reference no: EM132342717

Ms. Hopson deposited $90 three years ago. The bank provides her a 6% interest rate (compounding annually). What would be the money in her bank balance today? For this question, please use the formula (that I required you to memorize) to represent it. You do not need to calculate the answer.

a. FV = 90*(1+0.06)3

b. FV = 90*(1+0.06)1

c. FV = 90

(1+0.06)3

Reference no: EM132342717

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