Description of this paper

Belle opens an investment account on April 1,...

Description

Solution


Question

Belle opens an investment account on April 1, 2011. At that time she deposits $2,500 into her account. The account will earn 5% annually. If she repeats this deposit for the next 14 years, how much will she have in her account on March 31, 2026, (the end of the fifteenth year)?

 

Paper#4844 | Written in 18-Jul-2015

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